In addition, it is also possible to participate as a user member. This facility was created for participants who are not prepared to meet CLS’s strict payment requirements but who do, nevertheless, have a considerable volume of business and do not want to submit their trade data via a settlement member for confidentiality reasons. User members submit their instructions direct to CLS. The category of user member is, however, scarcely used. At present there are only two of them. In addition, CLS also offers special membership for central banks.