CLS Group


“CLS: If member banks provide liquidity, what value do they get in exchange?”


“CLS: If member banks provide liquidity, what value do they get in exchange?”

November 2009

(Part 1 of 3) Conversation with Rob Close, CEO, CLS Group, on what banks get from CLS in exchange for providing liquidity - FX and settlement risk - settling while Lehman collapsed - a new understanding of risk - process changes after Lehman


“CLS: If member banks provide liquidity, what value do they get in exchange?”


“CLS: If member banks provide liquidity, what value do they get in exchange?”

November 2009

(Part 2 of 3) Conversation with Rob Close, CEO, CLS Group, on what banks get from CLS in exchange for providing liquidity - volume aggregation for new entrants - CCPs and providing clearing services - banks as competitors and users - having the renminbi and the rupee in CLS


“CLS: If member banks provide liquidity, what value do they get in exchange?”


“CLS: If member banks provide liquidity, what value do they get in exchange?”

November 2009

(Part 3 of 3) Conversation with Rob Close, CEO, CLS Group, on what banks get from CLS in exchange for providing liquidity - the internationalization of closed currencies - the composition of FX volumes - central banks and FX - meeting local market needs