Goldman Sachs Joins Cross-Currency Swaps Service

CLS and IHS Markit announced that Goldman Sachs has joined its cross-currency swaps settlement service. According to a story in Markets Media, the service is an extension of CLS’s payment-versus-payment (PvP) settlement service and uses the MarkitSERV trade confirmation platform to allow CLSSettlement members to send their cross-currency swaps into CLSSettlement for settlement.