Asia liquidity concerns over NDF clearing

Move to mandate non-deliverable forward clearing could drive forex futures market

currency

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.

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