List of CLSSettlement Customers
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United States
Since 2010, our global team of researchers has been studying CLSSettlement customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased CLSSettlement for Trading Platform from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using CLSSettlement for Trading Platform include: Bank of America, a United States based Banking and Financial Services organisation with 213000 employees and revenues of $101.89 billion, BlackRock, a United States based Banking and Financial Services organisation with 19900 employees and revenues of $19.37 billion, ABN AMRO Netherlands, a Netherlands based Banking and Financial Services organisation with 18295 employees and revenues of $7.00 billion, HSBC, a United Kingdom based Banking and Financial Services organisation with 5836 employees and revenues of $4.95 billion and many others.
Contact us if you need a completed and verified list of companies using CLSSettlement, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The CLSSettlement customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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ABN AMRO Netherlands | Banking and Financial Services | 18295 | $7.0B | Netherlands | CLS Group | CLSSettlement | Trading Platform | 2025 | n/a |
In 2025, ABN AMRO Netherlands rejoined CLSSettlement as a settlement member. ABN AMRO implemented CLSSettlement, a Trading Platform, to mitigate FX settlement risk and improve operational efficiency. The initiative is a finance and FX settlement implementation based in the Netherlands and includes the bank offering third party access to CLSSettlement for its clients.
Operational responsibility is concentrated in treasury, FX dealing, and payments operations, with membership level connectivity to CLSSettlement and participation in multilateral settlement cycles. Functional focus includes FX settlement instruction processing, funding coordination and reconciliation workflows aligned with Trading Platform capabilities. Governance changes emphasize client onboarding for third party access, strengthened access controls, and revised operating procedures to manage settlement exposure, with the membership effective May 5, 2025.
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Bank of America | Banking and Financial Services | 213000 | $101.9B | United States | CLS Group | CLSSettlement | Trading Platform | 2021 | n/a |
In 2021, Bank of America participated as a settlement member in CLS Group’s working group and pilot to evaluate payment versus payment PvP solutions. The engagement used CLSSettlement and aligns with the Trading Platform application category for FX settlement services.
The implementation scope centered on CLSSettlement and related CLSNet services, with configuration focused on PvP settlement orchestration, payment matching, netting functionality, and liquidity management workflows. Functional usage is consistent with settlement member participation in PvP pilots, exercising settlement sequencing and multilateral netting capabilities described by CLS.
Operational coverage targeted finance and FX settlement in the United States, with Bank of America acting as a participant connecting its FX settlement and treasury processes to CLSSettlement services. The work was executed through a formal working group and pilot structure, enabling iterative testing of participant on boarding, message flows, and operational procedures.
Governance was managed through the CLS working group and pilot governance framework, with phased pilot activities to validate procedures for a wider range of currencies and market participants. The stated objectives included mitigating FX settlement risk and gaining liquidity and netting efficiencies, outcomes explicitly supported by the pilot participation.
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BlackRock | Banking and Financial Services | 19900 | $19.4B | United States | CLS Group | CLSSettlement | Trading Platform | 2016 | n/a |
In 2016, BlackRock implemented CLSSettlement, a Trading Platform provided by CLS Group, to centralize settlement processes for BlackRock Asset Management in Wilmington, Delaware. The deployment targeted settlement operations and middle office teams with the explicit objective to reduce firm settlement risk by monitoring and migrating eligible BlackRock accounts away from gross settlement to a linked netting process on the CLS platform.
CLSSettlement was configured to support netting orchestration and linked settlement workflows, settlement instruction mapping, exception handling, and exposure monitoring capabilities, aligning core Trading Platform functionality with BlackRock operational practices. Configuration emphasized account-level mapping and automated settlement instruction validation to enable systematic migration of eligible accounts from gross settlement to netting.
The implementation integrated CLSSettlement with the CLS Group linked settlement infrastructure and with internal trade processing and account master sources to feed eligible positions into the netting engine. Operational coverage centered on BlackRock Asset Management settlement and trade operations in Wilmington, with processes designed to route eligible flows into the CLS netting queue and to surface exceptions to operations staff.
Governance included monitored migration workflows and operational controls owned by settlement operations, with procedures to validate account eligibility and escalate settlement exceptions. The program explicitly reduced firm settlement risk through monitored account migration to the linked settlement netting model on CLSSettlement, consistent with BlackRock Asset Management practice.
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Banking and Financial Services | 5836 | $5.0B | United Kingdom | CLS Group | CLSSettlement | Trading Platform | 2021 | n/a |
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