LCH has expanded its non-deliverable interest rate swaps offering to include five additional currencies. Market participants are now able to clear this product denominated in Brazilian Real, Chilean Peso, Colombian Peso, Taiwan Dollar and Thai Baht. This product extension has been launched in response to customer demand, particularly among members and their clients in the Asia Pacific and Latin America regions.
Cameron Goh, Global Head of Product, Rates, LCH, said: “We’re delighted to be expanding our non-deliverable swaps offering to include these currencies. Our focus continues to be on providing maximum capital and margin efficiencies for the market, and this latest extension is another example of LCH partnering with our customers to extend our cleared product set.”