Cross currency swaps

Mask Group 175

Cross currency swaps trades have significant settlement risk exposure from the high value of the initial and final principal exchanges. In addition, settling these trades on a gross bilateral basis results in operational inefficiencies and liquidity constraints.

Our payment-versus-payment (PvP) settlement service
CLS settlement members can use our unique PvP settlement system and netting capabilities in conjunction with post-trade processing platforms – MarkitWire and SwapAgent – to mitigate FX settlement risk for cross currency swaps.

Download overview

Mitigate settlement risk, while delivering operational and liquidity efficiencies for cross currency swap trades.

Improves
  • Operational efficiency

Reduces
  • Liquidity and payment demand
  • Settlement risk
  • Funding costs for bilateral payments
FX Global Code
Supporting adherence to the FX Global Code through:
  • Principle 35, settlement risk

Understand the process flow

CCS flow diagram

Find out more

Product overview Product overview

Settlement
3 min read
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