BNP Paribas, Crédit Agricole CIB and Natixis CIB go live on CLS’ cross currency swaps service
Move is set to enable multilateral netting across FX transactions, and marks an expansion of CLS’ PvP settlement offering.
Move is set to enable multilateral netting across FX transactions, and marks an expansion of CLS’ PvP settlement offering.
The proposals span post-trade transparency and simplified reporting concerns, and follow the FCA’s recent consolidated tape and transaction reporting consultations, which closed in February 2026.
ABN AMRO Clearing Bank, Nomura and Standard Chartered are also integrated onto the platform; Marex’s addition follows increasing institutional demand for secure, regulated access to digital assets across the industry.
Industry roadmap highlights multi-phase testing, weekend simulations and heavy reliance on coordination across CSDs, CCPs and custodians to avoid settlement disruption.
Developed with a consortium including Barclays, BNP Paribas, Citi and JP Morgan, the platform seeks to streamline cleared and bilateral workflows.
The partnership will enable tokenised securities executed on the venues to settle through the distributed ledger-based infrastructure.
New interfaces aim to give firms clearer visibility into clearing, settlement and post-trade activity.
Planned DSD aims to link traditional and digital markets, with first phase targeted for 2026 subject to regulatory approval.
Executive brings extensive experience across financial market infrastructure, regulatory strategy and clearing leadership to the role.
Approval comes as the SEC’s Treasury clearing mandate accelerates, opening the market to new clearing venues ahead of phased compliance deadlines.