First French bank goes live on CLS
Natexis Banques Populaires has gone live as a Continuous Linked Settlement third-party participant via ABN AMRO. It is the first French bank to do so. After successfully completing rigorous testing and controlled live processing, the bank went live. Now Natexis is processing a volume of around 420 trades via CLS Bank per day and expects to increase this to approximately 550 trades per day.