payments infrastructure

Partior and LSEG DiSH collaborate on always-on settlement bank liquidity

Briefing date

What happened

  • Specific facts/numbers: The firms said on September 17, 2026 that they are developing a Multi-Settlement Bank solution to enable 24/7 movement of settlement liquidity across multiple settlement banks on Partior’s cross-border payments network, subject to maintenance or other operational downtime.
  • Institutions involved: The collaboration is between Partior and LSEG Digital Settlement House (DiSH), and the announcement says they are working alongside a number of participating banks; publicly accessible reports also name J.P. Morgan, Deutsche Bank and Standard Chartered among banks involved.
  • Regulatory/technical context: The proposed setup combines LSEG DiSH’s omnibus trust account framework with Partior’s multi-currency clearing and settlement network to address correspondent banking frictions such as payment cut-off times, fragmented settlement and reliance on pre-funded bilateral nostro relationships.
  • What to watch next: The key next step is industry testing and eventual production rollout and onboarding of additional settlement banks; if no formal launch date is confirmed from the read material, no next milestone was identified beyond continued development and testing.

Why it matters

If the model works in production, banks could manage cross-border settlement liquidity in near real time across multiple institutions without maintaining as many pre-funded bilateral accounts, potentially lowering operational friction and trapped liquidity.

HKMA Relevance

Indirect: The project targets cross-border payment and settlement efficiency, an area relevant to Hong Kong’s role as an international financial hub, but no direct HKMA involvement was identified in the read material.

Story details

Where
Singapore; United Kingdom; cross-border/global
Category
payments infrastructure

Sources