LCH.Clearnet launches buy-side clearing of NDFs in Europe
Service copies the firm's US model
LCH.Clearnet-owned foreign exchange clearing service, ForexClear, has extended its client clearing offering to include European model account structures, copying its existing US service, which allows end-users to connect to four clearing brokers for non-deliverable forwards (NDF) trading.
Connected clearing brokers include HSBC, Societe Generale and Standard Chartered. The service will allow a greater number of clients to access cleared NDF trading, which enhances risk management and capital
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