The partnership will allow mutual clients to access the Depository Trust & Clearing Corporation's National Securities Clearing Corporation SFT clearing service
Through the collaboration, LCH will extend its product scope to include the clearing and settlement of CNH FX options, forwards, swaps and spot transactions
The transaction took place between UBS and Swiss Re in February, where UBS borrowed cash from Swiss Re while delivering collateral through BNY's platform
Following an approval from the Financial Industry Regulatory Authority, the broker-dealer adds correspondent clearing, fixed income prime brokerage, and securities lending to its offerings
Natixis Corporate & Investment Banking acted as a principal lender against J.P. Morgan as a borrower in the first trades cleared through the new service
