Asia liquidity concerns over NDF clearing

Clearing of forex non-deliverable forwards will become mandatory in Europe in 2015, but with firms relying on NDFs to access controlled Asian currencies, ensuring regulation does not affect liquidity will be crucial


More than six years after foreign exchange market participants first began to consider the mitigation of counterparty credit risk through central clearing in 2008, European regulators finally look set to mandate clearing of non-deliverable forwards (NDFs) in 2015. NDFs represent only a small fragment of global forex trading, but as they provide offshore access to many restricted currencies in Asia, market-makers and investors are anxious to ensure regulation doesn't compromise liquidity.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here