The Settlements Directory for CLS is designed to provide essential information for CLS enabled organizations.

The Settlements Directory for CLS is a web-enabled application for the international banking community and has been specifically created to help improve efficiency and further reduce the operational risk in settlement via CLS.

Powered by SSiSearch, The Settlements Directory for CLS is a closed user group system offering Settlement Members and their CLS enabled customers a comprehensive data-rich resource concerning Active CLS Counterparts. Fully endorsed and supported by CLS, the application has been developed with the help and guidance of the Settlement Members. CLS sees the Settlements Directory initiative as a major step forward in helping to promote greater STP rates and cost savings for all parties.

A signed agreement makes each Settlement Member responsible for inputting relevant information about each of the CLS enabled branches (including their third party customers) that they are responsible for. Subscribers are then required to check and validate this content at regular intervals to ensure its ongoing accuracy.

The Settlements Directory for CLS provides your CLS operations team with a single comprehensive database of continuously updated and authenticated settlement information for use in the CLS trading environment.

The Settlements Directory for CLS is a simple to use application that requires no disruptive set-up procedures and requires little training investment in order to use it effectively. All this is provided through a highly secure web connection designed to protect your bank's data.

The Settlements Directory for CLS gives you daily reports featuring additions and amendments to the SSI Lists of each entity within the database.

The Settlements Directory for CLS has a dedicated Helpdesk to provide support and assistance to each user.

CLS is a trademark of CLS UK Intermediate Holdings Ltd.