July 31, 2019 BY Valentina Kirilova
CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
CLS, a market infrastructure group delivering settlement, processing and data solutions, has today launched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service. J.P. Morgan and Goldman Sachs are reported to be the first banks to go live on the service. CLSNow enables banks to exchange currency positions with mitigated settlement risk on a…
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