CGI announced that the Netherlands' ABN AMRO Bank recently selected CGI's Continuous Linked System (CLS) Manager solution to support its transition from a third-party participant to a full settlement member of the international Foreign Exchange (FX) Clearing network operated by CLS Bank. CGI's CLS Manager provides ABN AMRO with control, automation, monitoring and reconciliation capabilities, allowing them to grow their CLS business while reducing risk. After a successful trial period with CLS, ABN AMRO went live as a CLS Settlement Member at the beginning of May, with their first settlement day successfully completed on May 21, 2025.
ABN AMRO's choice of the CLS Manager solution ensured uninterrupted service for the bank's third-party clients. As a CLS Registered Vendor and a market leader in FX settlement solutions, CGI brought unmatched experience to this project. CGI has been involved with CLS since its inception, offering comprehensive solutions that incorporate CLS Settlement, CLSNet, CLSNow, Cross Currency Swaps, DTCC, and ClearedFX.
CGI's CLS Manager is designed for functional flexibility, easily enabling any of the features such as internal multilateral netting and SWIFT CBPR+ ISO 20022 messaging, dependent on each client's specific requirements.