CLS Group Cannot Reverse Monthly Decline in Volumes During December

CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending December 2015, which underscored a marginal downturn from the previous month, according to a CLS statement.

For the month ending December 2015, the average daily input volume submitted to CLS, combining the settlement and aggregation services, came in at 961,698, down less than -1.0% MoM from 964,810 in November 2015. However, over a yearly timeframe, the retreat in volumes was substantially more pronounced, corresponding to a fall of -21.4% YoY from 1,223,109 in December 2014.

Moreover, the average daily input value submitted to CLS in December 2015 yielded $4.47 trillion, climbing 1.4% MoM from $4.41 trillion in November 2015. However, this figure was pared by its 2014 equivalent, which saw a YoY decline of -8.2% from $4.87 trillion in December 2014.

Back in late November, , one of South Africa’s largest banking groups, to the ranks of its settlement members. FirstRand operates mainly in nine African countries – Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique, Tanzania, Nigeria and of course South Africa. The group also plays an instrumental role in the trading of many regional currencies, such as the rand – at the time, FirstRand became the 64th settlement member of CLS.