CGI announced that ABN AMRO Bank, based in the Netherlands, selected CGI's industry-leading 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. This partnership allows ABN AMRO to take full control of its FX settlement processes, aiming to reduce risk and expand its third-party service offerings.
CGI's CLS Manager provides ABN AMRO with comprehensive control, automation, monitoring, and reconciliation capabilities, enabling the bank to grow its CLS business while mitigating risks. After a successful trial period, ABN AMRO went live as a CLS Settlement Member at the beginning of May, with its first settlement day successfully completed on May 21, 2025. This ensures uninterrupted service for the bank's third-party clients.
As a CLS Registered Vendor and a market leader in FX settlement solutions, CGI brought extensive experience to this project, having been involved with CLS since its inception. The CLS Manager solution is designed for functional flexibility, easily enabling features such as internal multilateral netting and SWIFT CBPR+ ISO 20022 messaging, tailored to each client's specific requirements. This strengthens CGI's presence in the financial services sector and highlights the value of its specialized IP solutions.
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