Project Management

CLS: Revolutionising the Way the World Settles Foreign Exchange Trades

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Executive Summary

To manage settlement risk, the global financial system needed to enable simultaneous settlement of both legs of Foreign Exchange (FX) transactions. CLS Group created a groundbreaking process for FX settlement, then partnered with IBM to design, develop and manage the global IT infrastructure needed to support it. This provides a streamlined, resilient, innovative service, processing more than 55% of global foreign exchange transaction.

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