Bilateral netting - the consolidation of all swap agreements between two counterparties into one master agreement. The result is that if one counterparty bankrupts, that counterparty cannot seek to ...

MUFG Bank (NYSE:MUFG) claims it is the “first” Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service “for over 120 currencies.” MUFG Bank will “join the ...

Partnership between CLS and Finastra aims to address increased demand from buy-side firms for a centralised post-trade management infrastructure. Foreign exchange settlement specialist CLS will ...

CLS, a market infrastructure delivering settlement, processing and data solutions, today announces that Actinver, BNP Paribas, Citibank and J.P. Morgan are live on CLSNet, a standardized, automated ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. CLS says it wants to use its position to standardise and ...

The cost of trading bilateral derivatives could be less than its central cleared equivalent despite new and stringent margin requirements, new research has found. Regulators are looking to discourage ...