CLS has added Standard Chartered to its growing CLSNet network, the company announced in a press release. The bank is now live on the automated bilateral payment-netting service, which supports post-trade processes for more than 120 currencies.
CLSNet standardises and automates post-trade matching and netting for FX flows that sit outside CLSSettlement, a segment that includes many emerging-market and developing-economy (EMDE) currencies as well as same-day trades. According to CLS, the service reduces settlement-risk exposure by centralising and automating the netting calculation process, an approach aligned with the expectations set out in Principle 35 of the FX Global Code.
CLS reports that adoption continues to grow. Average daily netted values reached USD 169 billion in the first half of 2025, an increase of 18 per cent compared with the same period in 2024. The network now includes the 12 largest global banks, alongside an expanding group of regional banks, corporates, funds and non-bank financial institutions.
Asian institutions expand the network
Standard Chartered is joining a wave of Asian institutions connecting to the service. CTBC’s Hong Kong branch is already live, while Malaysia’s Maybank and Taiwan’s Taishin have committed to onboarding. CLS notes that these institutions are seeking to mitigate settlement-risk exposure in Asian currency pairs, with USD/CNH highlighted as a key focus.
CLS states that broader participation strengthens the overall network effect of the platform, potentially enhancing efficiency and risk-reduction outcomes for all users.
