DIC joins CLSSettlement
24 January 2024 Japan
Image: tokyovisionaryroom
CLS has announced that DIC Corporation has become the third Japanese manufacturing company to indirectly access its settlement platform, CLSSettlement, as a third-party participant.
DIC, global chemical manufacturer of printing inks, will access CLSSettlement via the platform’s third-party provider, MUFG Bank. CLS claims that DIC will benefit from streamlined data processing from trade execution through to settlement.
Lisa Danino-Lewis, chief growth officer at CLS, comments: “This latest development is a progressive approach for manufacturing and service companies, as it allows them to effectively manage their treasury functions and align with market best practices.”
DIC, global chemical manufacturer of printing inks, will access CLSSettlement via the platform’s third-party provider, MUFG Bank. CLS claims that DIC will benefit from streamlined data processing from trade execution through to settlement.
Lisa Danino-Lewis, chief growth officer at CLS, comments: “This latest development is a progressive approach for manufacturing and service companies, as it allows them to effectively manage their treasury functions and align with market best practices.”
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