ForexClear expands range of cleared currencies

LCH.

First Published by e-Forex News: January, 2015

LCH.Clearnet Ltd, the global clearing house, has expanded the range of currencies cleared through ForexClear to include Peruvian Nuevo Sol. The move is in response to member and client demand. This addition brings to twelve the currencies now available, enabling over 95% of the non-deliverable forward (NDF) market to be cleared, including Brazilian Real, Russian Rouble, Indian Rupee, Chilean Peso, Chinese Yuan, Korean Won, Colombian Peso, Indonesian Rupiah, Malaysian Ringgit, Peruvian Nuevo Sol, Philippine Peso and Taiwan Dollar.

Gavin Wells, Global Head of ForexClear said: “The inclusion of Peruvian Nuevo Sol demonstrates our ongoing commitment to meeting the needs of our members and clients. This is the first addition to the service since the Group’s reauthorisation under EMIR.”