CLS Services Selects IBM To Form Settlement Service Infrastructure

DEALING & NETTING

LONDON--CLS Services has selected IBM to develop the technological infrastructure for its proposed continuous linked settlement service for foreign exchange trades. The settlement service will be offered through New York-based CLS Bank and will minimize forex settlement risks through a centralized and simultaneous payment process, say CLS officials.

Separately, the company has officially announced plans to integrate its two multilateral netting services: UK-based Exchange Clearing House

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: