Firm’s certification with LCH.Clearnet is first step to accreditation with CCP
Thomson Reuters said Monday it is forging
ahead with its swap execution facility (SEF) by completing
certification testing on LCH.Clearnet’s ForexClear
service for clearing FX non-deliverable-forward (NDFs), as it
continues to prepare for mandatory clearing of FX NDFs.
Following testing with LCH.Clearnet
– which began last year - the information provider has
secured the ability to offer its SEF users access to central
clearing of FX NDF trades, meaning customers can "simplify risk
management by removing the counterparty credit risk that comes
with a non-centrally cleared model."
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