Goldman Sachs joins cross-currency swaps settlement service

CLS and IHS Markit have announced that Goldman Sachs has joined their cross-currency swaps settlement service.

First Published by e-Forex News: June, 2020

Keith Tippell
Keith Tippell

CLS and IHS Markit have announced that Goldman Sachs has joined their cross-currency swaps settlement service. There are now eight settlement members live on the service, including some of the largest global banks.The service is an extension of CLS’s unique payment-versus-payment (PvP) settlement service and uses the MarkitSERV trade confirmation platform to allow CLSSettlement members to send their cross-currency swaps into CLSSettlement for settlement. 

Keith Tippell, Head of Product, CLS: “We are delighted to welcome Goldman Sachs as the latest participant in our cross-currency swaps settlement service. Demand has never been higher from market participants for risk mitigation, liquidity optimization and post-trade efficiency.”