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Deutsche Bank expands clearing services to include Swiss Franc for financial institution clients
March 2025
Deutsche Bank's cross-border payments solutions are being expanded to include Swiss Franc (CHF) clearing, allowing financial institution (FI) clients to settle transactions in one of the world's most widely used currencies
The global cross-border payments market – where B2B transactions account for 97% – is expected to grow at a CAGR of 7.43%, reaching US$303.34bn by 2030.1 As cross-border activity continues to expand and end customers are asking for faster, cheaper and more transparent payments, financial institutions are increasingly looking for partners that can provide comprehensive clearing services.
To meet client needs in this evolving landscape, Deutsche Bank is enhancing its suite of correspondent banking solutions. Following on from the launch of its dbX platform in October 2024, Deutsche Bank is now further refining its capabilities by adding CHF clearing.
“The launch of CHF clearing as a core currency complements our clearing capabilities in EUR, USD and GBP, the world’s most widely used currencies. With these advancements, Deutsche Bank continues to solidify its position as a trusted partner for financial institutions worldwide,” said Patricia Sullivan, Global Head of Institutional Cash Management at Deutsche Bank. According to Swift data, the CHF ranked the 10th most used global payment's currency in January 2025.2
An expanded suite of clearing capabilities
By adding CHF to its clearing services, Deutsche Bank is providing FI clients with greater flexibility, efficiency, and access to one of the most stable and widely used currencies in the world. The key benefits for FI clients include:
- Improved efficiency. Faster processing and settlement of Swiss Franc transactions via connectivity to Swiss financial systems.
- Global reach. Expanded access to Swiss and international markets, empowering institutions to better serve their underlying clients’ needs.
- Reduced risk. Enhanced liquidity management and mitigation of counterparty risk through secure, centralized clearing processes.
Commenting on the development, Patricia Sullivan, added, "We are excited to introduce Swiss Franc clearing to our dbXflow global clearing portfolio. This is a direct result of client demand from a number of our large financial institution clients and reflects our ongoing commitment to provide the tools, excellent service, and diversification they need to operate more effectively in an interconnected world."
"Introducing Swiss Franc clearing is a direct result of client demand from a number of our large financial institution clients."
