Welcome to Commerzbank AG! Having joined LCH ForexClear as a clearing member, Commerzbank can now benefit from comprehensive margin, liquidity and netting opportunities, as well as improved capital and operational efficiencies enabled by ForexClear.

Marius Jubin, CFA, Global Head of our FX Forwards Trading, said “Commerzbank is delighted to join LCH ForexClear, which enables us to further expand our global FX platform business through an optimized capital usage and allows us to benefit from operational efficiencies. In addition, ForexClear offers the opportunity to effectively manage bilateral credit exposures and participate in established risk-mitigating industry initiatives.”

Andrew Batchelor, Head of ForexClear, LCH, said: “It’s great to welcome Commerzbank to LCH ForexClear. Over 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. We 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.”

There are 22 member banks, 22 clearing brokers and 88 clients active on LCH ForexClear. Learn more about the service here: https://lseg.group/4fB1efX

Source: LCH