/wholesale
CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that three settlement members, including Barclays Bank and Danske Bank, have enrolled in its cross currency swaps (CCS) settlement service. They are joining a growing community of settlement members on the service, including some of the world’s largest banks. The service has witnessed continued growth in recent months, with a 38% year-on-year increase in the values of CCS submitted to CLSSettlement (H1 2023).