![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.](https://i2.wp.com/www.fx-markets.com/sites/default/files/styles/metatag_image_large_webp/public/2026-07/Renminbi-GettyImages-2273658230.jpg.webp?itok=pIfIRVV4&w=1024&resize=1024,1024&ssl=1 "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.")
Royal Birkdale, established in 1889, continues its storied legacy as it prepares to host The Open 2026. This will mark the 11th occasion since 1954 that the course has held the prestigious championship, with the most recent prior hosting in 2017.
Ahead of the tournament, the course has undergone significant updates, including the introduction of three new holes: a rebuilt seventh hole and entirely new 14th and 15th holes. These additions aim to enhance the layout while maintaining the challenge that defines Royal Birkdale.
Situated along the Irish Sea in Southport, England, the course offers a scenic yet demanding test for players, with coastal winds expected to play a pivotal role in shaping the competition. The venue promises an engaging experience for both on-site spectators and those following via broadcast.
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