LCH rebuffs fears of NDF clearing crunch

ForexClear the only CCP currently authorised to clear NDFs

gavin-wells-lch-clearnet
Gavin Wells, ForexClear

LCH.Clearnet has rejected industry fears of a looming capacity crunch should European authorities force foreign exchange non-deliverable forwards (NDFs) into clearing as early as the third quarter of next year, claiming it can cope with anticipated demand under even the most aggressive timeline sketched out by regulators.

Under proposals drawn up by the European Securities and Markets Authority (Esma), more than 100 large firms could be forced to clear NDFs from September 2015. That has led

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