CLS Group’s Post

The adoption of our bilateral payment netting calculation service continued to grow in Q2, with the average daily netted value in CLSNet reaching USD148 billion, up 40% year-on-year. Learn more here >> https://lnkd.in/e7_Cqf3S This growth was driven by significant milestones, including a new record daily and monthly average netted value in June, leading to the highest quarter average daily netted value since the product’s launch. #CLSNet #netting #standardization #AutomatedSolutions #OperationalRiskManagement

Learn more about CLSNet and how adoption continues to grow at pace >> https://lnkd.in/dcuQ5qh On 20 December 2023, we saw a record daily notional of USD445 billion netted in the service, up by over 21% from the previous record of USD367 billion on 20 September 2023. The record is supported by a marked increase in adoption from market participants who are using our automated and standardized post-trade bilateral netting calculation service to reduce risk, optimize liquidity and create operational efficiencies for currency flows not settled via CLSSettlement. #CLSNet #netting #standardization #AutomatedSolutions #OperationalRiskManagement

Learn more about the continued market adoption of CLSNet with the average daily volume of net transactions now reaching over 67k in Q4 2023 >> https://lnkd.in/ee6SVcJ5 #CLSGroup #CLSNet #standardization #AutomatedSolutions #OperationalRiskManagement

Read Chief Growth Officer Lisa Danino-Lewis’ article in The Full FX about the value CLSNet is delivering to an increasing number of FX market participants. Read more>> https://lnkd.in/egc4mmSW #CLSNet #netting #standardization #AutomatedSolutions #OperationalRiskManagement

Adoption of our bilateral payment netting calculation service, CLSNet, continues to grow as market participants benefit from operational risk mitigation across 120 currencies. Learn more here >>https://lnkd.in/e7_Cqf3S In Q2, the average daily netted value in CLSNet reached USD148 billion, up 40% year-on-year. #CLSNet #netting #standardization #AutomatedSolutions #OperationalRiskManagement

Under today’s T+2 timeline, approximately 90% of all trades are affirmed by 11:30 AM ET on T+1, the current affirmation cutoff. To maintain the current level of post-trade settlement when T+1 is implemented – and more importantly to avoid a potential increase in trade fails – DTCC recommends the industry ensure at least 90% of trades are allocated, confirmed and affirmed by 9:00 PM ET on T. Learn more about how DTCC can help: https://okt.to/IJPLro #T1

A Balancing Act...Is the Speed of T+1 Overlooking Mechanisms Designed to Protect the Consumer? Beneath the surface of T+1's seemingly straightforward improvements lies a complex ecosystem of executing brokers, clearing firms, and custodians, each playing a critical role in the lifecycle of a trade. This complexity, especially in scenarios involving Delivery Versus Payment (DVP) and Prime Brokerage, raises essential questions about the operational and regulatory checks in place to safeguard customer interests and ensure market transparency. Read more and reach out to Loffa Interactive today to see how we can work together to ensure your firm safely walks the high wire between your clients and the market! https://lnkd.in/gPFAYWEK

Adoption of CLSNet continues to grow at pace – on 20 December, we saw a record daily notional of USD445 billion netted in the service, up by over 21% from USD367 billion on 20 September of this year.   The record is supported by a marked increase in adoption from market participants who are using our automated and standardized post-trade bilateral netting calculation service to reduce risk, optimize liquidity and create operational efficiencies for currency flows not settled via CLSSettlement. Read more >> https://lnkd.in/dcuQ5qh #CLSNet  #netting  #standardization  #automatedsolutions #OperationalRiskManagement

Discover the game-changing #GST transformation! Dive into the latest Electronic Credit Reversal & Reclaimed Statement—your gateway to simplified #ITC reporting & enhanced accuracy. Stay ahead. Read here https://ow.ly/XHph50QmQnV #CFOInsights #ITCReporting

Contact us to find out how CLSNet facilitates the reduction of payment obligations exposed to settlement risk, particularly in emerging market currencies. https://lnkd.in/et662DJC During H1, trades including an emerging market currency represented 60% of notional value of net calculations in CLSNet. #CLSNet #netting #standardization #AutomatedSolutions #OperationalRiskManagement