Citibank® CLS® Settlement Services
Eliminating settlement risk in international payments. That is the concept behind Citibank® CLS® Settlement Services. By offering foreign exchange settlement on a “payment vs. payment” basis, CLS dramatically alters the current landscape of payment services and foreign exchange settlement. This centralized, virtual global infrastructure was created by linking the Real Time Gross Settlement (RTGS) systems in the major foreign exchange currencies.
As one of the founding members of CLS, we have been dedicated to the success of this industry initiative since its inception. We remain actively involved in its ongoing development, investing in the technology, operations and customer service infrastructure to support CLS activities.
By choosing Citi as your CLS service provider, you will be able to:
- Reduce settlement risk through the CLS process
- Improve operational efficiencies by eliminating gross trade settlement
- Access intraday liquidity across all CLS currencies, backed by the global strength of Citi
- Optimize treasury and liquidity management with predictable currency flows
- Monitor the entire trade settlement life cycle in real time
