PAYplus for CLS
PAYplus for CLS™ is an integrated solution to help your bank capitalize on the opportunities presented by the expanding CLS (Continuous Linked Settlement) system for foreign exchange (FX) settlement. PAYplus for CLS inter-operates with settlement members, user members, and third and fourth party members to provide them with a full set of integrated CLS services, including all CLS-supported FX settlement, NDFs, Options Premiums (to come), derivative settlement, internal netting and non-CLS currencies. Full support to monitor the CLS daily and projected pay-in and pay-out schedule, assess credit real time with flexible risk parameters, and automatically feed data to internal bank systems and third parties for final settlement of FX trades. test
Business Benefits
- PAYplus for CLS features a non-intrusive deployment model that allows for rapid, cost-effective implementation. In addition, it provides a common system platform for both internal CLS operations and third and fourth party services with consolidated risk management and control.
- PAYplus for CLS provides the lowest cost of ownership and operation through GUI-enabled, SWIFT-enabled and direct system-to-system delivery to internal departments, branches, user members and third parties.
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Key Features
- Comprehensive CLS functionality including NDF and derivatives processing
- Browser-enable delivery
- Seamless integration with legacy systems
- Scalable and reliable architecture
- Flexible and comprehensive risk management
- Comprehensive audit and security controls
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IT Benefits
- PAYplus for CLS features an open systems architecture that runs on IBM UNIX, Sun Solaris and Windows 2003 platforms, can be adapted for multiple languages and provides the flexibility to respond to the evolving set of CLS requirements
- Fundtech will continue to support CLS's evolution from FX settlement to processing and settlement of other instruments while moving to robust high volume technology
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Key Features
- Comprehensive CLS functionality including NDF and derivatives processing
- Browser-enable delivery
- Seamless integration with legacy systems
- Scalable and reliable architecture
- Flexible and comprehensive risk management
- Comprehensive audit and security controls
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Operational Benefits
- Capturing FX trade confirmations as transactions occur and processing them according to CLS rules and settlement member operating procedures
- Monitoring liquidity requirements in real time
- Cancellations, amendments, unmatched and alleged instructions are handled automatically, according to pre-configured workflow rules freeing staff to focus on exceptions and/or approvals per your organization's policies
- PAYplus for CLS incorporates extensive security, processing controls, and fault tolerant operations to meet every audit and access control requirement of the bank. Multi-factor authentication is also available to suit your organization's needs
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Key Features
- Comprehensive CLS functionality including NDF and derivatives processing
- Browser-enable delivery
- Seamless integration with legacy systems
- Scalable and reliable architecture
- Flexible and comprehensive risk management
- Comprehensive audit and security controls
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