CLS Endorses PvP Settlement Initiative in Japanese FX Market

[kreslik.news]

CLS Group, a provider of settlement services to its members in the foreign exchange (FX) market, has endorsed a recent initiative by Japan’s Financial Services Agency (FSA), helping promote payment-versus-payment (PvP) settlements, per a CLS statement.

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The widespread usage of PvP settlement can be instrumental in reducing settlement risk, helping shore up vulnerabilities in operational risk management – additionally, this can also help stimulate growth in Japan’s currency market. This movement is also commensurate with a recent commitment by Japan as a whole to help ... (read more)