Wednesday June 4 2025

News Source: Global Exchanges

Focus: Clearing & Settlement

Type: General

Country: Spain

Link: https://tinyurl.com/bddabp2t




On 3rd June 2025, Bolsas y Mercados Espanoles (BME) presented its new foreign exchange transaction settlement system in payment versus payment mode (FXS), which recently received approval from the Bank of Spain.

This new system is part of its global project to provide secure and innovative solutions to participants in the foreign exchange market (Forex). The new FXS settlement system complements these services by improving efficiency and reducing the risks of currency transaction settlement compared to bilateral settlement.

The last part of the panel focused on exploring the advantages that FXS provides as a payment system under the supervision of the Bank of Spain, in terms of compliance with the PFMI-IOSCO principles for financial market infrastructures, and in relation to the comprehensive management of risks associated with the service.

Click on the above link for further information