Many multinational corporates have a pooling arrangement for the cash balances owned by their various subsidiaries. For example this could be with Bank Mendes Gans in Amsterdam, under Dutch law, with ...
Société Générale has gone live on market infrastructure group CLS’ cross currency swaps (CCS) service. CCS trades have notable settlement risk exposure linked to the high value of the initial and ...
The move sees the three French banks integrate CCS flows into CLSSettlement via OSTTRA MarkitWire, enabling multilateral netting across FX transactions and improving liquidity efficiency. Lisa ...