Mitsui & Co begins settling trades through CLS

It is the first Japanese corporate to join the service via third-party access

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General trading company Mitsui & Co has become the first Japanese corporate to join CLSSettlement using third-party access.

Foreign exchange settlement utility firm CLS announced on April 4 that Mitsui is now settling its currency transactions through CLSSettlement using its third-party service provider, Sumitomo Mitsui Banking Corporation.

Mitsui & Co joined CLS to streamline its foreign currency operations and reduce its settlement risk.

It is the first time that CLSSettlement has been made

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