Tag: pvp settlement

December 15, 2020 BY Steffy Bogdanova

ANZ is the first APAC bank to settle all 18 currencies on CLS

Margaret Law, Head of Client Management, APAC at CLS, commented: With the growth of FX trading particularly in Asian currencies, settlement risk has become an increasing concern for banks in the region, and it is essential that they consider executing appropriate FX settlement risk mitigation measures. We anticipate that other banks in Asia Pacific will…

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October 31, 2016 BY Valentina Kirilova

CLS welcomes promotion of PvP settlement in FSA's

With the heightened focus on regulation, growing cross-border investment and reducing securities trade settlement cycles globally, provider of risk mitigation and operational services for the global FX market ClS has welcomed the initiative by the Financial Services Agency (FSA) to promote payment-versus-payment (PvP) settlement to mitigate settlement risk. This reaffirms Japan's commitment to strengthening settlement…

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March 04, 2016 BY Maria Nikolova

Russia's NSD introduces PVP settlement service

Russia's National Settlement Depository (NSD), part of the Moscow Exchange group of companies, has launched a new service enabling the processing of client cross-currency settlements – payment versus payment (PVP-1). PVP is a cash settlement principle expanding the reliability of settlements and assuming that a participant’s cash transfer in one currency occurs if another participant’s…

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