![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.")
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