The addition means clients can directly clear non-deliverable forwards
Societe Generale’s Newedge
has added LCH.Clearnet’s ForexClear service to its
over-the-counter clearing offering, allowing its clients to
clear non-deliverable forwards (NDF) through the LCH service
for the first time.
The new relationship comes ahead of
proposed mandatory clearing for NDFs and sees
SocGen’s prime services business become the first
Futures Commission Merchant (FCM) to go live with direct
connectivity to the ForexClear platform.
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