HSBC takes central bank on CLS

The bank, which has requested anonymity, went live on the continuous-linked settlement service for foreign exchange in February.

Clyde Muir, HSBC’s CLS product manager in London, said the move might encourage more central banks to use the settlement service, which reduces settlement risk on FX trades via a payment-versus-payment system.

HSBC said it has also taken the first fourth-party live on the service. Norddeutsche Landesbank in London started using CLS via its parent firm Norddeutsche L

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: