Swift CLS-TPS
Continuous Linked Settlement (CLS) plays a pivotal role in the FX markets, mitigating settlement risk and promoting financial stability. Our CLS-TPS is the communication backbone for CLS members and their clients, streamlining FX trade settlements. It ensures transactions are processed efficiently, with real-time status updates and Nostro account reporting through the trusted FIN network.
Benefits
Comprehensive global solution
Our CLS-TPS connects CLS members and their third-party customers worldwide over Swift, providing comprehensive coverage and communications flow using industry-standard messages.
Easy to set up
This service uses existing, proven infrastructure already available to most institutions. So, it’s easy to set up, with no extra costs. And running costs are low too.
Enhanced service, reduced risk
Allows CLS members to provide a cost-effective, reliable and comprehensive route to CLS settlement for their third-party customers.