LCH’s ForexClear gets off to a solid start in NDFs
Interbank central clearing of non-deliverable forwards (NDFs) in six currency pairs got off to a good start last week, following the official launch of LCH.Clearnet's long-awaited ForexClear platform on March 19.
As anticipated following receipt of so-called regulatory 'non-objection' from the UK Financial Services Authority (FSA) earlier this month, ForexClear launched with the support of 14 clearing members and has begun clearing NDFs in the Brazilian real, Chilean peso, Chinese yuan, Indian
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