MUFG Bank (NYSE:MUFG) claims it is the “first” Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service “for over 120 currencies.” MUFG Bank will “join the ...

London-based Cash Netting Services is aiming to cut hundreds of millions of dollars in annual costs for banks by helping them find netting opportunities on a bilateral basis. The FX industry veteran ...

Partnership between CLS and Finastra aims to address increased demand from buy-side firms for a centralised post-trade management infrastructure. Foreign exchange settlement specialist CLS will ...

The cost of trading bilateral derivatives could be less than its central cleared equivalent despite new and stringent margin requirements, new research has found. Regulators are looking to discourage ...

CLS, a market infrastructure delivering settlement, processing and data solutions, today announces that Actinver, BNP Paribas, Citibank and J.P. Morgan are live on CLSNet, a standardized, automated ...

CLS provides scale, automation and risk-reduction services that underpin the global FX market, combining expansive settlement capacity with innovative post-trade services such as CLSNet to enhance ...

Bilateral netting - the consolidation of all swap agreements between two counterparties into one master agreement. The result is that if one counterparty bankrupts, that counterparty cannot seek to ...