麻豆传媒

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
麻豆传媒
Leading the Way

Global 麻豆传媒 Finance News and Commentary
≔ Menu
麻豆传媒
Leading the Way

Global 麻豆传媒 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Commerzbank joins LCH ForexClear
Industry news

Commerzbank joins LCH ForexClear


11 November 2024 Germany
Reporter: Daniel Tison

Generic business image for news article
Image: Matthias/stock.adobe.com
Commerzbank has joined LCH ForexClear as a clearing member.

Headquartered in Frankfurt am Main, Germany, Commerzbank offers banking services to private and entrepreneurial customers as well as corporate clients.

鈥淐ommerzbank is delighted to join LCH ForexClear, which enables us to further expand our global foreign exchange (FX) platform business through optimised capital usage and to benefit from operational efficiencies,鈥 says Marius Jubin, global head of FX forward trading at Commerzbank.

鈥淚n addition, ForexClear offers the opportunity to effectively manage bilateral credit exposures and participate in established risk-mitigating industry initiatives.鈥

Launched in 2012, ForexClear provides a dedicated service for clearing non-deliverable forward contracts (NDFs).

鈥淥ver the past 18 months, financial institutions from Europe, Asia, and the US have joined us and chosen to clear their FX trades with us, and we have seen record volumes across our products,鈥 says Andrew Batchelor, head of ForexClear, LCH.

He adds: 鈥淲e remain committed to extending our leading clearing services to the global FX market and offering further margin, capital, and risk management optimisation opportunities as the service continues to grow.鈥

There are currently 22 member banks, 22 clearing brokers, and 88 clients active on LCH ForexClear.

US-based bank Wells Fargo joined LCH ForexClear as a clearing member in July.
← Previous industry article

Pirum extends integration with Euroclear
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ Wells Fargo

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →