Скачать или смотреть Payment Systems Broadcast #21: Rethinking FX Settlement Cycles

We explore how increasing the frequency of settlement cycles impacts liquidity efficiency and systemic risk.

This session follows the recent publication of a joint study from FNA and CLS investigating the trade-offs of potentially increasing settlement frequency in CLSSettlement which currently settles over $7 trillion in FX transactions daily with high netting efficiency.

The study is significant in that it takes a unique look into the trade-off between increasing the number of settlements and reducing netting efficiency, something often neglected by public discourse, and serves as a foundation for future industry discussions on optimizing FX settlement.

CLS’ Director of Corporate Strategy & Innovation Lead, Emanuel Vila, and Carlos Leon discuss findings from the report, why this study matters, and what its conclusions may mean for the future of FX payments.