CME Group has launched post-execution clearing services for over-the-counter (OTC) U.S. dollar/Chilean peso non-deliverable forwards. The services have been rolled out through CME ClearPort, which has nearly 1,000 products available for clearing across multiple asset classes.
The service will benefit from daily valuation curves provided by ICAP, an interdealer broker and a provider of brokerage services to the Latin American FX markets. The service will be beneficial for reducing counterparty risk, provide expanded liquidity and boost operational efficiency.
Click here for the release from PR Newswire.