U.S. Bank becomes third member to join CLSSettlement this year
The move also makes the firm, which is the fifth largest bank in the US, the service’s seventy-sixth settlement member.
Tag: CLSSettlement
OTP Bank becomes CLSSettlement’s seventy fifth settlement member
The Hungarian bank is the second settlement member to join the firm this year, following the re-addition of ABN AMRO in June.
Settled values of cross currency swaps see continued growth
There has been a 27% year-on-year increase in cross currency swaps submitted to CLSSettlement as of Q2 2022.
Buy-side drives growth in CLS FX settlement
CLS says that asset managers are more focused on mitigating settlement risk as it sees uptake in clients using its CLSSettlement service.