Payment Systems Broadcast #21 - Rethinking FX Settlement Cycles

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FNA Broadcasts

79 episodes

3 days ago

We bring together leading industry experts across the financial landscape to discuss the most pertinent matters impacting CBDCs, Payment Systems, Liquidity Management, and Fraud. Subscribe to the series at FNA.fi

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Payment Systems Broadcast #21 - Rethinking FX Settlement Cycles

FNA Broadcasts

59 minutes 2 seconds

7 months ago

Payment Systems Broadcast #21 - Rethinking FX Settlement Cycles

We explore how increasing the frequency of settlement cycles impacts liquidity efficiency and systemic risk with CLS Group's Emanuel Vila.

This session follows the recent publication of a joint study from FNA and CLS investigating the trade-offs of potentially increasing settlement frequency in CLSSettlement which currently settles over $7 trillion in FX transactions daily with high netting efficiency.

The study is significant in that it takes a unique look into the trade-off between increasing the number of settlements and reducing netting efficiency, something often neglected by public discourse, and serves as a foundation for future industry discussions on optimizing FX settlement.

CLS’ Director of Corporate Strategy & Innovation Lead, Emanuel Vila, joins Carlos Leon for a fireside chat to discuss findings from the report, why this study matters, and what its conclusions may mean for the future of FX payments.

Read the full report: ‘Reimagining same-day FX: Exploring the case for additional settlement cycles’ here >