In whom we have the redemption through his blood. Some of the blessings referred to in Ephesians 1:3 are now specified—be-ginning with redemption ( τὴν ἀπολύτρωσιν). The article makes it emphatic—the great redemption, the real redemption, compared to which all ether redemptions are but shadows.
It is a redemption through blood, therefore a proper propitiation or expiation, blood being always the emblem of explanation, In Christ, or in union to Christ, we have or are having this blessing; it is not merely in existence, it is ours, we being in him by faith: not a privilege of the future merely, but of the present as well.
Even the forgiveness of our sins. αφεσιν denotes release, separation from all the consequences of our transgressions; equivalent to Psalms 103:12, "As far as the east is from the west, so far hath he removed our transgressions from us."
According to the riches of his grace. The completeness of the forgiveness, its ready bestowal now, the security of its being continued in the future, and such like qualities show the richness of his grace (comp.