ABN AMRO has officially rejoined CLSSettlement as a settlement member, effective immediately. This move highlights the bank’s commitment to reducing foreign exchange (FX) settlement risk and improving operational efficiency.
Along with rejoining CLSSettlement, ABN AMRO will now offer third-party access to its clients. This step strengthens the bank’s focus on robust FX settlement risk management and operational excellence in the global foreign exchange market.
Jacco Keijzer, Head of Global Markets at ABN AMRO, said, “Rejoining CLSSettlement is a major milestone for us. By providing third-party access, we improve our risk management and give clients better tools to handle the complexities of FX settlement with confidence.”
Lisa Danino-Lewis, Chief Growth Officer at CLS, welcomed ABN AMRO back, noting the advantages of CLS’s payment-versus-payment (PvP) settlement system. She explained, “Our multilateral netting and in/out swap tools help settlement members reduce capital and liquidity needs. Typically, members only need to fund about 1% of the total value of their payment instructions each day. This frees up cash for other operations like trading, sales, and business growth.”
CLS is a leading global provider of FX settlement services, offering PvP solutions that reduce settlement risk and improve efficiency. ABN AMRO’s return as a settlement member reflects the growing trend among financial institutions worldwide to use PvP systems for safer and smoother FX settlements.
