JP Morgan Signs Up 20th CLS Client
OPERATIONS AND STP
NEW YORK--JP Morgan Treasury Services announced last week that it has signed up its 20th client for its Continuous Linked Settlement (CLS) service.
Madrid-based Banco Popular Español now joins Israel’s Bank Leumi and Danish bank Sydbank as clients of JP Morgan for CLS. This enables these banks, among others, to settle their foreign exchange trades on the CLS global settlement service, via JP Morgan.
Brian Wedge, CLS product manager at JP Morgan in London says the latest win was particularly
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