SSiSearch CLS Directory fills up

With about 75 of the 110 third-party CLS users on the directory as well, it is now nearing critical mass, said Mike Convey, sales director in London.

The directory contains the settlement reference data needed by the CLS community – including back-office contact information and settlement instructions. The firm will soon add a report so settlement members can publicise the dates their third parties go live on the service.

Clients pay a flat fee for the directory at an unspecified rate agreed