Our leading payment-versus-payment FX settlement service makes settlement efficient, safer and more cost-effective.

Our FX settlement service is available both directly, to settlement members, and indirectly, to third-party clients. Our members include 70 of the world’s largest financial institutions. Over 25,000 third-party clients use our service, including banks, funds, non-bank financial institutions and multinational corporations.

Reduce risk, improve efficiency and increase liquidity

We protect our members and their clients from the most significant risk in the FX market – settlement risk. We do this by simultaneously settling payments relating to FX trades using our unique payment-versus-payment (PvP) system.

We also maximize the advantages of straight-through processing to deliver operational efficiencies and minimize associated costs. Our clients benefit from increased liquidity — with their funding requirements reduced by 96% or more through multilateral netting.

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Mitigate settlement risk for your FX trades Reduce risk, improve efficiency and increase liquidity

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