Goldman signs up as NDF client clearer at LCH

Goldman Sachs is set to become the seventh dealer to offer client clearing for non-deliverable forwards at LCH’s ForexClear, ahead of what the US bank expects will be a surge in demand for the service from buy-side firms when they become subject to the non-cleared margin rules.

The bank is counting on hedge funds and asset managers subject to the upcoming initial margin requirement to lead the way, but expects the motivation for clearing will eventually extend beyond the regulation.

“The