All posts tagged "CLS"
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305Big PictureCPMI Explores Options, New Solutions to Increase PvP Adoption
CPMI 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, 2022 -
685FeatureHKMA Emphasises PvP Settlement in Revised FX Guidance
Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
January 19, 2022 -
Press Release
CLS Awarded Market Infrastructure of the Year
CLS 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, 2021 -
316InternationalCLS, Global Banks Collaboration on PvP Settlement in FX Market
Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.
September 15, 2021 -
1.1KAsia-PacificPhilippine Banks Adopting Global Best Practices in FX Settlement
Jimmy 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 -
458FeatureGFXC Updates FX Global Code to Promote PvP Settlement
The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
July 27, 2021 -
2.3KFeature
GFXC to Complete FX Global Code Review by Mid-2021
Among the key issues in the FX market has been settlement risk, given the increasing number of trades being settled without PvP protection, says RBA deputy governor Guy Debelle.
October 23, 2020 -
3.4KContributed Article
About Half of Global FX Market Exposed to Settlement Risk
Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.
October 16, 2020
