Financial markets are currently undergoing a period of unprecedented regulatory reform. Since the Lehman Brothers collapse, market weaknesses have been under intense scrutiny from financial institutions and regulators alike.
A key area of proposed legislation is mandatory central clearing for some OTC derivative instruments, including foreign exchange.
After in-depth research and analysis of the FX derivatives market and its inherent risks – and in close collaboration with leading market participants – we’ve launched a new, custom-built non-deliverable FX forward (NDF) clearing solution, ForexClear.
ForexClear has been designed to deliver the enhanced functionality and robustness the FX business needs in today’s challenging regulatory and capital-intensive environment.
At launch, ForexClear covered the most actively traded currencies in the NDF marketplace. Subsequent releases have expanded the product set to cover 95% of the NDF market and provide the continuous registration of trades. Our next major release will be to provide a client clearing service and then later to include a broader range of OTC foreign exchange products such as NDOs, FXOs, NDF crosses, Forwards and Swaps (pending regulatory approval).
Mitigation of counterparty credit risk - delivering improved operational efficiency
Multilateral risk netting - reduces portfolio exposure and ultimately lowers initial margin
Improved STP workflow management - resulting in reduced operating risks and costs
A unique LCH.Clearnet default management process - specialist member participation for efficient and orderly liquidation in which the defaulter pays
All the benefits of an OTC traded market - combined with the post-execution advantages of a cleared environment
A flexible and progressive service - developed in partnership with our members to meet the demands of the market
With our extensive strategic partnerships and internal developments ForexClear has been designed to deliver a complete, actively managed ‘end-to-end’ clearing service. From the point of execution and submission to the trade matcher, we offer an inclusive post-trade processing, collateral management and settlement solution.
Sales and Customer Service
Head of Member Sales and Relationship Management
+ 44 (0)20 7426 6389
Member Sales and Relationship Management
+44 (0)20 7426 7347
Marketing and Press Inquiries
+44 20 7426 7175
07 December - LCH.Clearnet awarded FOW's 'Best Clearing House, EMEA'
20 November - LCH.Clearnet named 'Best FX Clearing house' by FX Week
27 September - LCH.Clearnet's ForexClear offers 95% NDF market coverage
19 March - LCH.Clearnet launches OTC FX clearing
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Emerging Markets Trade Association
EMTA is the principal trade group for the Emerging Markets trading and investment community and is dedicated to promoting the orderly development of fair, efficient and transparent trading markets for Emerging Markets instruments and to helping integrate the Emerging Markets into the global capital markets. Above all, EMTA provides a forum that enables EM market participants to identify issues of importance to the trading and investment community and, when necessary, to review alternatives and develop consensus approaches to addressing industry problems and opportunities.
EMTA's current Mission Statement is available by clicking here