DIC joins CLSSettlement
CLS has announced that DIC Corporation has become the third Japanese manufacturing company to indirectly access its settlement platform, CLSSettlement, as a third-party participant.
DIC, global chemical manufacturer of printing inks, will access CLSSettlement via the platform’s third-party provider, MUFG Bank. CLS claims that DIC will benefit from streamlined data processing from trade execution through to settlement.
Lisa Danino-Lewis, chief growth officer at CLS, comments: “This latest development is a progressive approach for manufacturing and service companies, as it allows them to effectively manage their treasury functions and align with market best practices.”
