LCH.Clearnet’s ForexClear awaits regulatory approval

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ForexClear, the long-awaited foreign exchange clearing platform developed by LCH.Clearnet, is ready to launch for non-deliverable forwards (NDFs), but is still awaiting regulatory approval, the clearing house has revealed.

"Our foreign exchange clearing service, ForexClear, is ready to launch, pending regulatory approval. The over-the-counter foreign exchange clearing service will initially clear interbank non-deliverable forwards, with a view to expanding the client and product set during 2012,

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