Clear your Non-Deliverable Forwards (NDFs) at Eurex Clearing, the EU-based CCP. With Eurex Clearing, you're signed up for future-proof clearing services that provide safety and efficiency to the market.
NDF Clearing has been developed in close cooperation with buy- and sell-side partners, creating a Pan-European service that meets market demands and all regulatory requirements. As a service of Eurex Clearing, NDF Clearing provides exceptional margin, capital and operational efficiencies making Eurex Clearing the go-to CCP for EU market participants.
As Uncleared Margin Rules (UMR) continue to be phased in, impacting many participants in the OTC derivatives market, NDF clearing at Eurex Clearing can provide unrivaled benefits:
Phases 5 and 6 of Uncleared Margin Rules (UMR) are rapidly approaching. This means that in September 2021 and September 2022, firms with an Average Aggregate Notional Amount (AANA) greater than EUR 50 and 8 billion respectively are required to post initial margin bilaterally with each of their counterparts.
NDF clearing at a glance
Starting in H2 2021 (subject to regulatory approval), NDF clearing is available for both inter-dealer and client trades for six currency pairs with cash settlement in USD.