US mutual fund manager Vanguard has begun clearing its non-deliverable forward (NDF) transactions at LCH ForexClear, according to three sources.
It is understood the Philadelphia-based firm started clearing its NDFs through a clearing member bank earlier this year.
A spokesperson for Vanguard did not respond to a request for comment. A spokesperson for LCH declined to comment.
While there is no mandatory clearing requirement for NDFs, almost all of the interbank NDF market began to be centrally
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
