Scope of Service
1. SCOPE OF SERVICE
FXCH offers clearing and settlement services to its members for Spot-FX deals, according to the technical, legal and administrative conditions set forth in these Rules. FXCH pledges to commit to the "FX Global Code" and to conduct its activities in a manner consistent with the principles of the Code, in particular with its Confirmation and Settlement principles.
In view of supplying its Members with a transparent and secure clearing and settlement system for their FX trading, FXCH shall not undertake any activity other than clearing and settling trades for its Members. In order to ensure maximum risk reduction, FXCH shall ensure that its own trading account positions are continuously offset in order to maintain a neutral position on an ongoing basis. FXCH shall not take on any commercial activities other than those directly useful and necessary for its core activity of clearing and settling trades for its Members. FXCH operates using blockchain ledger technology in order to enhance security, reduce costs and ensure transparency to its members.