Credit Lyonnais Goes Live With City Networks CLS Solution

French bank Credit Lyonnais has introduced City Networks’ CityNet Treasury Confirmation Matching CLS module, in a bid to reduce costs and heighten operational efficiency. As a CLS Settlement Member, Credit Lyonnais operates in a time critical environment to comply with CLS bank requirements and City Networks’ solution enables the bank to meet these requirements, owing to its four-way matching ability between bank, broker, counterparty and CLS. The solution also automates the exception handling process, increasing the efficiency of the back-office, according to City Networks.


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