LCH.Clearnet eyes November launch for NDF clearing

time-money

LCH.Clearnet plans to launch its widely anticipated foreign exchange clearing platform for non-deliverable forwards (NDFs) in mid-November, sources close to the offering's development tell Risk.net's sister publication FX Week.

The new clearing service, dubbed ForexClear, has been in development since late 2010. LCH.Clearnet declined to comment for this article, but it is understood the platform will launch with NDFs covering six currencies against the US dollar: Chinese yuan, Brazilian real

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