LCH.Clearnet is planning to roll out its foreign exchange clearing platform for non-deliverable forwards (NDFs) by mid next month, Risk.net reports. Development of the new clearing service, called ForexClear, started late last year.
The platform will start with NDFs covering six currencies against the U.S. dollar. The currencies are Chinese yuan, Brazilian real, Indian rupee, Russian ruble, Korean won and Chilean peso.
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