- Emerging market leaders, Alfa-Bank and First Abu Dhabi Bank the first banks in Russia and the UAE to join CLSNet
- Alfa-Bank and FAB agreed to initiate onboarding to CLSNet, a standardized, automated bilateral payment netting calculation service for over 120 currencies
- CLSNet standardizes and increases the levels of payment netting in the FX market
- Alfa-Bank, a leading Russian bank, and FAB, the UAE’s largest bank join the current CLSNet user community of global and regional banks
- Further, Alfa-Bank and FAB are the first in their respective domiciles of Russia and the UAE joining CLSNet
- CLSNet will allow Alfa-Bank to further develop its customer base and expand its business in the international market
