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    <title>FNA Broadcasts  - Episodes Tagged with “Cls”</title>
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Subscribe to the series at FNA.fi
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  <title>Payment Systems Broadcast #21 - Rethinking FX Settlement Cycles</title>
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  <pubDate>Fri, 04 Apr 2025 10:00:00 +0100</pubDate>
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  <itunes:subtitle>We explore how increasing the frequency of settlement cycles impacts liquidity efficiency and systemic risk with CLS Group's Emanuel Vila. </itunes:subtitle>
  <itunes:duration>59:02</itunes:duration>
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  <description>We explore how increasing the frequency of settlement cycles impacts liquidity efficiency and systemic risk with CLS Group's Emanuel Vila. 
This session follows the recent publication of a joint study from FNA and CLS investigating the trade-offs of potentially increasing settlement frequency in CLSSettlement which currently settles over $7 trillion in FX transactions daily with high netting efficiency.   
The study is significant in that it takes a unique look into the trade-off between increasing the number of settlements and reducing netting efficiency, something often neglected by public discourse, and serves as a foundation for future industry discussions on optimizing FX settlement. 
CLS’ Director of Corporate Strategy &amp;amp; Innovation Lead, Emanuel Vila, joins Carlos Leon for a fireside chat to discuss findings from the report, why this study matters, and what its conclusions may mean for the future of FX payments.
 Read the full report: ‘Reimagining same-day FX: Exploring the case for additional settlement cycles’ here &amp;gt; 
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    <![CDATA[<p>We explore how increasing the frequency of settlement cycles impacts liquidity efficiency and systemic risk with CLS Group&#39;s Emanuel Vila. </p>

<p>This session follows the recent publication of a joint study from FNA and CLS investigating the trade-offs of potentially increasing settlement frequency in CLSSettlement which currently settles over $7 trillion in FX transactions daily with high netting efficiency.   </p>

<p>The study is significant in that it takes a unique look into the trade-off between increasing the number of settlements and reducing netting efficiency, something often neglected by public discourse, and serves as a foundation for future industry discussions on optimizing FX settlement. </p>

<p>CLS’ Director of Corporate Strategy &amp; Innovation Lead, Emanuel Vila, joins Carlos Leon for a fireside chat to discuss findings from the report, why this study matters, and what its conclusions may mean for the future of FX payments.</p>

<p> Read the full report: ‘Reimagining same-day FX: Exploring the case for additional settlement cycles’ here &gt;</p>]]>
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    <![CDATA[<p>We explore how increasing the frequency of settlement cycles impacts liquidity efficiency and systemic risk with CLS Group&#39;s Emanuel Vila. </p>

<p>This session follows the recent publication of a joint study from FNA and CLS investigating the trade-offs of potentially increasing settlement frequency in CLSSettlement which currently settles over $7 trillion in FX transactions daily with high netting efficiency.   </p>

<p>The study is significant in that it takes a unique look into the trade-off between increasing the number of settlements and reducing netting efficiency, something often neglected by public discourse, and serves as a foundation for future industry discussions on optimizing FX settlement. </p>

<p>CLS’ Director of Corporate Strategy &amp; Innovation Lead, Emanuel Vila, joins Carlos Leon for a fireside chat to discuss findings from the report, why this study matters, and what its conclusions may mean for the future of FX payments.</p>

<p> Read the full report: ‘Reimagining same-day FX: Exploring the case for additional settlement cycles’ here &gt;</p>]]>
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