CLS Group

CLS Group, or Continuous Linked Settlement Group, is a organization that facilitates secure and efficient foreign exchange transactions between banks and financial institutions worldwide. Established to reduce settlement risk—the risk that one party won’t fulfill their obligation—CLS operates a system that ensures both sides of a trade are settled simultaneously. This means that when one currency is exchanged for another, both parties complete their transaction at the same time, reducing the chance of financial loss. CLS plays a crucial role in the global financial system, helping to ensure stability in currency markets.