ABN AMRO re-joins CLSSettlement 16 June 2025US Reporter: Clelia Frondaroli
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ABN AMRO has re-joined CLSSettlement as a settlement member, effective May 5.
Having been part of the first group of settlement members when CLSSettlement launched its service in 2002, the bank says the decision to re-join as a settlement member signals its commitment to reducing FX settlement risk and improving operational efficiency through payment-versus-payment (PvP) solutions.
ABN AMRO will also offer third-party access to CLSSettlement for its clients.
Jacco Keijzer, head of global markets, says: “Becoming a settlement member reflects our dedication to creating a more robust and efficient FX ecosystem, while ensuring our FX operations uphold the highest standards of operational efficiency and risk mitigation.”
Lisa Danino-Lewis, chief growth officer at CLS, adds: “We are delighted to welcome ABN AMRO as a settlement member to CLSSettlement. The bank’s decision reflects the wider benefits of CLS’s PvP settlement system.”
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