OTP Bank joins CLSSettlement as a settlement member
07 August 2025 UK
Image: piter2121/stock.adobe.com
CLS, a financial market infrastructure group, has announced that OTP Bank has joined CLSSettlement as a settlement member.
The Hungarian credit institution is the second new settlement member to join this year, bringing the total number of settlement members to 75.
According to CLS, OTP Bank joining CLSSettlement demonstrates the growing appetite among financial institutions to adopt payment-versus-payment (PvP) settlement solutions to mitigate FX settlement risk, improve operational efficiency and enhance liquidity.
The firm also states that CLSSettlement is recognised as the global standard in FX settlement risk mitigation across 18 of the most traded currencies, with an average daily settled value of US$7.9 trillion in the first half of 2025, up 12 per cent year-on-year (YoY).
Lisa Danino-Lewis, chief growth officer, CLS comments: “OTP Bank’s decision to become a settlement member reflects the broader trend of financial institutions focusing on mitigating FX settlement risk and increasing efficiencies delivered through multilateral netting.
“Multilateral netting yields significant liquidity benefits for CLS settlement members, resulting in liquidity savings of approximately 96 per cent, enabling cash flow to be available for other business operations like trading and business growth.”
Attila Bánfi, managing director of OTP Global Markets adds: “Mitigating FX settlement risk is a key priority for OTP Bank. Joining CLSSettlement as a settlement member reflects our dedication to creating a more robust FX ecosystem, and our commitment to adopting best practices across our risk management and middle office functions.”
The Hungarian credit institution is the second new settlement member to join this year, bringing the total number of settlement members to 75.
According to CLS, OTP Bank joining CLSSettlement demonstrates the growing appetite among financial institutions to adopt payment-versus-payment (PvP) settlement solutions to mitigate FX settlement risk, improve operational efficiency and enhance liquidity.
The firm also states that CLSSettlement is recognised as the global standard in FX settlement risk mitigation across 18 of the most traded currencies, with an average daily settled value of US$7.9 trillion in the first half of 2025, up 12 per cent year-on-year (YoY).
Lisa Danino-Lewis, chief growth officer, CLS comments: “OTP Bank’s decision to become a settlement member reflects the broader trend of financial institutions focusing on mitigating FX settlement risk and increasing efficiencies delivered through multilateral netting.
“Multilateral netting yields significant liquidity benefits for CLS settlement members, resulting in liquidity savings of approximately 96 per cent, enabling cash flow to be available for other business operations like trading and business growth.”
Attila Bánfi, managing director of OTP Global Markets adds: “Mitigating FX settlement risk is a key priority for OTP Bank. Joining CLSSettlement as a settlement member reflects our dedication to creating a more robust FX ecosystem, and our commitment to adopting best practices across our risk management and middle office functions.”
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