JP Morgan and Deutsche Bank Clear First Non-deliverable FX Options on LCH ForexClear

Investment banks JP Morgan and Deutsche Bank have become the first members to clear the freshly launched non-deliverable FX options at LCH ForexClear. ForexClear provides client and dealer-to-dealer clearing services for various financial instruments. The additional non-deliverable FX options now available on ForexClear offer clearing across nine currency pairs in tenors of up to two years. LCH said that the launch of the non-deliverable FX derivatives would allow users to achieve better efficiency through portfolio netting with products already cleared at ForexClear including non-deliverable FX forwards, deliverable FX options, and deliverable FX forwards.