CLS Group
CLS plays a fundamental role in the foreign exchange market (FX). It is a market infrastructure that enhances financial stability through the mitigation of FX settlement risk globally. It does this through the operation of the CLS Payment-versus-Payment (PvP) settlement service which mitigates settlement risk for the FX transactions of its Settlement Members and their customers (Third Parties). Originally created as Continuous Linked Settlement and operational since 2002, CLS is an “Edge Act Corporation”, a limited purpose bank regulated by the Federal Reserve Bank of New York.
Read more about CLS Group: Settlement Service, How It Works, Fundamental To FX, Currencies
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