Continuous linked settlement (CLS) is a system for the settlement of foreign exchange transactions finally and irrevocably. CLS eliminates settlement risk, improves liquidity management, reduces operational banking costs and improves operational efficiency and effectiveness. LogicaCMG CLS Manager supports CLS member banks and their third parties in the control, reconciliation and automation of their CLS business.
LogicaCMG CLS Manager (LCM) provides the bank with a thin client, browser based solution which can be easily deployed in third parties around the globe to support their CLS processing. LCM is already in use in a number of CLS settlement banks with a truly global presence. Danske Bank chose LCM for its ease of deployment and rich functionality and because of its highly configurable front end, which can be easily changed in line with their corporate style.
