LCH plans major forex clearing expansion
CCP to tackle cash-settled options, deliverable swaps and standalone service for deliverable forwards
LCH’s ForexClear is set to start clearing cash-settled foreign exchange options within the next year, with a separate service for deliverable forex swaps and forwards also rumoured to be in the works. Sources say the central counterparty (CCP) may also be laying the groundwork for a potential cross-currency swap clearing service in the future.
“They already have forwards, but rather than clearing delta-hedged forwards for deliverable options, it will now be a standalone forwards offering,” says
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