Since going live in 2002, Continuous Linked Settlement (CLS) has become firmly established as the standard for foreign exchange settlement. CLS was developed as a response to regulatory concern about systematic risk. It removes settlement risk, making same-day settlement both possible and final.
Fundtech’s PAYplus for CLS solution allows Settlement and User Members to meet the opportunities and challenges of the CLS system. PAYplus for CLS inter-operates with settlement members, user members, and third party systems to provide a full set of integrated CLS services.
