ABN AMRO has announced its return as a settlement member of CLSSettlement in CLS. This membership underscores the bank’s commitment to minimizing FX settlement risk and enhancing operational efficiency. In addition to rejoining CLSSettlement, ABN AMRO will extend third-party access to the service for its clients. This initiative reinforces the bank’s dedication to strong FX settlement risk management and operational excellence across the global foreign exchange ecosystem.
Lisa Danino-Lewis, Chief Growth Officer, CLS said: “We are delighted to welcome ABN AMRO as a settlement member to CLSSettlement. The bank’s decision reflects the wider benefits of CLS’s PvP settlement system, such as our approach to multilateral netting and the in/out swap tool, both of which deliver capital and liquidity efficiencies. Settlement members who use both solutions only fund around 1% of the total value of their payment instructions on a typical day, enabling cash flow to be available for other business operations like trading, sales and business growth.”
