Sydbank Employs JPMorgan To Settle Via CLS Bank

Sydbank A/S has become Denmark’s first non-CLS shareholder to settle via CLS Bank, using JPMorgan as its third party services provider. Brian Wedge, CLS Product Manager at JPMorgan, commented: ‘This project demonstrates that Sydbank A/S is proactively working to manage risk. With the Danish Krone set to join the list of eligible CLS currencies later in the year, Sydbank is already successfully settling trades via CLS.’

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