--- title: First Taiwan Client Clears at LCH ForexClear description: Phase 5 of the uncleared margin rules (UMR) took effect from September 2021. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/marketaxess-expands-in-asia-May-12-2022-08-29-48-74-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/first-taiwan-client-clears-at-lch-forexclear#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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With new uncleared margin rules phases coming in, firms are looking to optimise their derivatives portfolios through clearing at LCH. Phase 5 of the uncleared margin rules was implemented in September and firms are already preparing for Phase 6, coming into effect September 2022.” https://twitter.com/LCH\_Clearing/status/1439948899637202951 **Joe Chen, Head of Global Trading, CTBC Bank, said**: “CTBC Bank has a strong history of innovation and we are pleased to be the first Taiwan bank to become a client at ForexClear. Clearing at LCH allows us to efficiently manage our risk while benefitting from multilateral netting and a more streamlined derivatives portfolio.” **Victor Gusak, Head of APAC Execution & Clearing, UBS AG, said:** “This go live is a significant milestone for both the Taiwan market and UBS’s global clearing franchise. We pride ourselves on being a trusted partner for our clients and we look forward to continuing to support CTBC Bank and the wider market in accessing clearing.” Source: LCH [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/first-taiwan-client-clears-at-lch-forexclear) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/first-taiwan-client-clears-at-lch-forexclear) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/first-taiwan-client-clears-at-lch-forexclear) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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