CLS calls for operations change
The solution sees banks feeding trade information to CLS at an earlier point in the processing cycle. Instead of sending trades to CLS from the back office, the bank would send the trade to CLS once it had been captured, matched and is in its risk system.
Once it is in the CLS database as a matched trade, the bank can then stop processing individual trades and instead process the net economic effect of aggregated or netted trades through its middle and back offices.
"CLS tends to get trades right
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