September 23, 2017 7:06 AM ET

Consumer Finance

Company Overview of CLS Group Holdings AG

Company Overview

CLS Group Holdings AG, together with its subsidiaries, operates multicurrency cash settlement system to mitigate settlement risk for the foreign exchange (FX) transactions of its members and their customers in Switzerland and internationally. The company settles payment instructions relating to FX spot, FX forward, FX swap, and over-the-counter credit derivative transactions; and provides aggregation services for foreign exchange trades prior to settlement. It also offers in/out swap services for financial institutions to manage intraday liquidity; and risk and liquidity management, and regulatory and central bank relation services. In addition, the company provides payment-versus-payment se...

Landenbergstrasse 34

Lucerne,  6002

Switzerland

Founded in 2002

343 Employees

Phone:

41 41 368 1384

Fax:

41 41 368 1313

Key Executives for CLS Group Holdings AG

Chief Executive Officer, Director and Chief Executive Officer of CLS Bank International
Age: 62
Chief Financial Officer
Head of Operations
Chief Internal Auditor
Chief Corporate Strategy & Development Officer
Compensation as of Fiscal Year 2017.

CLS Group Holdings AG Key Developments

Markit and CLS Group Launch FX Settlement Service for Cross Currency Swaps Market

Markit and CLS Group announced that they have launched a new FX settlement service for the cross currency swaps market. Cross currency swap trades expose counterparties to significant settlement risk due to the high value of initial and final principal exchanges. The service provides a streamlined process for the payments related to these trades by incorporating them into CLS Group's existing unique payment-versus-payment (PvP) settlement service. CLS Group receives settlement instructions from cross currency swaps electronically confirmed using MarkitSERV, the OTC derivatives trade processing service from Markit.

CLS Group and TriOptima Launch triReduce CLS Forward FX Compression Service

CLS Group and TriOptima announce that they have launched the triReduce CLS Forward FX Compression Service completing the first successful compression cycle for FX forwards and swaps transactions. The new service combines CLS’s infrastructure and market connectivity with TriOptima’s triReduce compression product to enable counterparties to reduce the gross notionals of their outstanding portfolios without fundamentally changing their market positions.

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