New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.
September 14, 2023The panel proposes short, medium and long term measures to increase the use of the rupee in cross-border transactions.
July 10, 2023Bangkok Bank Hong Kong Branch can use CLSSettlement to benefit from PvP settlement and mitigate FX settlement risk.
May 30, 2023New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
January 20, 2023MUFG says CLSNet will enable it to improve operational efficiency and reduce risk for currencies that are not currently eligible for CLSSettlement.
December 2, 2022CPMI received "numerous promising proposals" for new solutions that may be capable of processing FX transactions that currently settle on a non-PvP basis.
August 2, 2022Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
January 19, 2022CLS operates the largest multi-currency cash settlement service in the world, and addresses the most significant risk in the FX market – settlement risk.
December 10, 2021Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.
September 15, 2021Jimmy Ho and Sammie Chan discuss Metrobank’s adoption of PvP settlement and how it reflects a broader trend in the Philippine banking industry.
September 14, 2021