Global custodian BNY has gone live on CLSNet, a bilateral payment netting calculation service, in an effort to “optimize and safeguard” FX operations against settlement risk, officials say. CLSNet is part of CLS, a settlement, processing, and data solutions provider for the foreign exchange (FX) industry. “CLSNet standardizes and automates post-trade matching and netting processes… Read More >>
Partior Links to OSTTRA’s FX PvP Settlement Service
Partior, a provider of DLT-based wholesale settlement for tokenized instruments, has a new link to the on-demand FX payment-versus-payment (PvP) settlement service from OSTTRA and Baton Systems, officials say. The new integration between Baton’s and Partior’s DLT-based systems “expands participants’ options for settling FX transactions with PvP protection to include using tokenized commercial bank facilities…. Read More >>
