FCMs kick off NDF clearing despite delays
ociete Generale senses chance for clients to clear now
Societe Generale is the latest futures commission merchant to kick off non-deliverable forwards (NDF) clearing at LCH.Clearnet's foreign exchange service, ForexClear, despite ongoing setbacks in the EU and US regarding the implementation of a clearing mandate.
The French bank's prime services division recently executed its first NDF cleared trade for a customer at ForexClear, citing the reasons of rising client demand and to help with capital and operational efficiencies, which its head of over
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