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Citibank, together with more than 60 financial institutions around the world, were involved in creating the Continuous Linked Settlement (CLS) system, to simplify the foreign exchange transaction process, while reducing settlement risk and creating new settlement and liquidity efficiencies. Now, in response to financial institution client requests, Citibank enables non-CLS Settlement Members to access the benefits of CLS with Citibank CLS Settlement Services through CitiDirect Online Banking.

CLS Settlement Services through CitiDirect supports CLS participation, payments, and foreign exchange trade matching review. This solution can be integrated easily with existing accounts at Citibank. Enabling the execution of foreign exchange settlements on a “payment versus payment” basis, CLS Bank offers final and simultaneous settlement of all foreign exchange transactions. These services provide you with:

real-time access to CLS transaction and balance information;

enhanced liquidity management;

integrated matching and reconciliation services.

Citibank is uniquely positioned to support your liquidity needs with our on-the-ground presence in the home countries of the current seven CLS currencies, while meeting the obligations of CLS processing. Citibank CLS Settlement Services through CitiDirect Online Banking offers expanded management and reporting services that enable you to:

reduce settlement risk;

streamline operations;

take advantage of credit facilities for which you qualify;

reduce the cost of settlement and exception processing.

If you would like more information on CLS through CitiDirect Online Banking, please contact your Citibank Service Representative to schedule a demonstration, or complete our Information Request Form.

Citibank CLS Settlement Services features and functionality may vary by country. Please check with your Citibank representative for more details.
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