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We calculate<br />
net FX<br />
payments.<br />
You comply<br />
with the FX<br />
Global Code.<br />
CLSNet is a standardized, automated<br />
bilateral payment netting calculation service<br />
across 120 currencies* for buy-side and<br />
sell-side institutions. As a centralized<br />
platform, it provides you with a single<br />
common record of your net payment<br />
obligations to streamline post-trade<br />
matching and netting processes. It also<br />
delivers greater operational efficiency and<br />
increased risk mitigation while supporting<br />
your adherence to Principles 35 and 50<br />
of the FX Global Code.<br />
Principle 50 – emphasizes the importance of<br />
the confirmation process in bilateral netting<br />
and the agreement of predetermined cut-off<br />
points. CLSNet validates and matches trade<br />
details up to the pre-determined cut-off times<br />
between counterparties for each currency.<br />
Principle 35 – recommends the use of<br />
automated settlement netting systems.<br />
CLSNet automates the net calculation<br />
process, helping you to streamline workflows<br />
and reduce operational risk.<br />
400%<br />
Increase in average<br />
daily volume of net<br />
calculations YoY<br />
Q1 20<strong>23</strong><br />
Join the network<br />
Centralized. Standardized. Network.<br />
Find out more at:<br />
cls-group.com/clsnet<br />
* CLSNet’s coverage includes currencies that are not<br />
issued by countries on a sanctioned list that would<br />
prevent CLS from conducting business with those<br />
countries and their issued currencies.<br />
MAY 20<strong>23</strong> e-FOREX 31
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