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- CLS to Introduce CNH PvP Settlement Solution</TITLE]CLS is preparing to launch a payment-versus-payment (PvP) settlement service for offshore Chinese renminbi (CNH), according to information obtained by FX Markets.The inclusion of the world’s fifth most-traded currency into the PvP service comes in response to increasing demand to mitigate foreign exchange settlement risk, driven by the currency’s expanding role in global financial markets and cross-border transactions.FX Markets understands that the CLS solution will focus on settling CNH in Hong Kong and is currently working toward technical and operational readiness.


