IntesaBCI selects mpct’s CLS Server

The CLS server will provide IntesaBCI with a real-time platform on which to provide ‘own trade’ and ‘third party’ CLS global processing solutions. These services should include a complete straight-through processing capability.

“We selected the mpct server because it has an advanced, robust solution that can be installed within the timescale we require, and has the capability to support our business goals – both now and in the future," said Giuseppe Attana, senior manager and head of treasury at IntesaBCI, who added that the bank intends to become the leading Italian provider of third-party CLS services.

CLS is an interbank financial industry initiative intended to mitigate settlement risk in the foreign exchange market. But the system has been plagued by operational difficulties that have created repeated delays to its introduction (see RiskNews September 28). Latest estimates predict that the system will go live in the middle of next year.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here