ABN AMRO Rejoins CLSSettlement and extends Third-Party Access to Clients

Global foreign exchange and operational excellence

In addition to rejoining CLSSettlement, ABN AMRO will extend third-party access to the service for its clients. This initiative reinforces the bank’s dedication to strong FX settlement risk management and operational excellence across the global foreign exchange ecosystem.

Third-party access

“Rejoining CLSSettlement as a settlement member is a significant step for ABN AMRO,” said Jacco Keijzer, Head of Global Markets at ABN AMRO. “By offering third-party access to our clients, we are not only enhancing our own risk management capabilities but also providing our clients with the tools they need to navigate the complexities of FX settlement with confidence.”

Lisa Danino-Lewis, Chief Growth Officer, CLS said: “We are delighted to welcome ABN AMRO as a settlement member to CLSSettlement. The bank’s decision reflects the wider benefits of CLS’s PvP settlement system, such as our approach to multilateral netting and the in/out swap tool, both of which deliver capital and liquidity efficiencies. Settlement members who use both solutions only fund around 1% of the total value of their payment instructions on a typical day, enabling cash flow to be available for other business operations like trading, sales and business growth.”

CLS sees that settlement members fund only around 1% of the total value of their payment instructions on a typical day. CLS is a leading global provider of settlement services for the FX market, offering payment-versus-payment (PvP) solutions that mitigate settlement risk and improve operational efficiency. ABN AMRO’s decision to rejoin as a settlement member aligns with the growing trend among financial institutions worldwide to adopt PvP solutions for safer and more streamlined settlement practices.