We find there is no loss of multilateral netting benefits for a settlement window of at least one hour when our model is applied to the US equity markets. The hubs in the system reach their maximum ...

The Multilateralism Index 2024 reveals a contradiction: while participation in the multilateral system has largely held steady or even increased, its effectiveness in addressing global challenges has ...

Société Générale has gone live on market infrastructure group CLS’ cross currency swaps (CCS) service. CCS trades have notable settlement risk exposure linked to the high value of the initial and ...

For the best part of a century, the world trade has grown exponentially on the back of rule-based multilateral trading system. The year of 2025 witnessed the 30th anniversary of the World Trade ...