Comparación estructurada · última revisión 2026-09
CLS Bank (CLSSettlement / CLSNet) vs. Evaluate CLS Bank's liquidity against single prime brokers and multi-PoP setups for FX and derivatives settlement.
Founded in 2002, CLS Bank International operates under US Federal Reserve regulation as an Edge Act corporation. It provides a unique multicurrency PvP settlement system and netting services, settling over USD 8 trillion daily across 18 currencies. However, its self-measured claims and tier 1 licensing should be scrutinized for verification.
01
Licencia, leída en el registro
La clasificación por niveles sigue la misma escala que el registro minorista: tier-2 significa supervisión real y segregación de fondos de clientes, sin fondo de compensación — nunca lo lea como protección tier-1.
| Regulador | Número de licencia | Jurisdicción | Tier | Fuente |
|---|---|---|---|---|
| US Federal Reserve (Edge Act corporation; designated financial market utility under Dodd-Frank Title VIII) | not verified | US | tier-1 | https://www.federalreserve.gov/paymentsystems/designated_fmu_about.htm |
Fuente: www.cls-group.com · abrir fuente ↗
02
El libro de comparación
Dónde gana el modelo, dónde solo compite, y qué afirmaciones puede probar realmente una contraparte.
Gana dónde
- FX settlement for banks
- OTC credit derivatives
- Multicurrency payment processing
Solo compite dónde
- Single prime brokers
- Multi-PoP liquidity providers
- Direct venue memberships
Afirmaciones verificables
- CLS's own CLSSettlement page states 'Each day we settle over USD8.0 trillion of payments in 18 of the most actively traded currencies globally' (cls-group.com/products/settlement/clssettlement)
- Own corporate-governance page: 'CLS Bank International (CLS Bank) is an Edge Act corporation, which is a limited purpose institution regulated by the US Federal Reserve', located in New York, maintaining a central bank account for each of the 18 eligible currencies (cls-group.com/about/corporate-governance)
- The US Federal Reserve's own page: 'CLS is chartered by the Board as an Edge corporation under Section 25A of the Federal Reserve Act... The Board is the Supervisory Agency for CLS under Title VIII of the Dodd-Frank Act... as an Edge corporation, CLS Bank is supervised and regulated as a bank by the Federal Reserve' (federalreserve.gov/paymentsystems/designated_fmu_about.htm)
- Bundesbank oversight page: CLS began operations on 9 September 2002 with 39 settlement members in 7 currencies; today settles for 70 institutions (settlement members) and over 35,000 third parties in 18 currencies (bundesbank.de/en/tasks/payment-systems/oversight/continuous-linked-settlement-626502)
Afirmaciones que no podemos verificar desde fuera
- USD8.0 trillion daily settled payments is CLS's own published figure, not independently audited
03
Perímetro y cobertura
| Clases de activos | Centros de datos | Conectividad | Clientes aceptados | Rechazados explícitamente |
|---|---|---|---|---|
| FX settlement (PvP), OTC credit derivatives settlement (DTCC TIW), CLSNet trade notification/netting | CLSSettlement (multicurrency PvP settlement system), CLSNet (bilateral/multilateral netting and trade notification) | SWIFT, Direct connections to RTGS systems (Fedwire, T2, CHAPS, SIC, RITS, KRONOS, CHATS, BOJ-NET and others), CLS third-party service via settlement members | Over 60 settlement members (banks), Over 18,000 third-party users |