CLS is planning to launch a payment-versus-payment (PvP) settlement service for the offshore Chinese language renminbi (CNH), FX Markets understands.
The addition of the world’s fifth most-traded forex to its PvP service follows rising demand to restrict overseas trade settlement danger on account of its rising position in world monetary markets and cross-border transactions.
FX Markets understands the CLS answer might be targeted on settling CNH in Hong Kong and is focusing on technical and operational readiness of
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