NDF clearing could be delayed until February 2016
The foreign exchange subcommittee of the Global Markets Advisory Committee has submitted a condensed 10-page report to the US regulator, proposing a 12-month schedule for clearing non-deliverable forwards
Mandatory clearing for non-deliverable forwards (NDFs) might not start until February 2016 in the US, after market participants asked the Commodity Futures Trading Commission's (CFTC) Subcommittee on Foreign Exchange Markets (FEM) to consider pushing back the clearing schedule to allow enough time to prepare for changes.
In March 2014, CFTC commissioner Scott O'Malia said at an industry conference that NDF-clearing proposals were imminent and could arrive within the next six weeks. Previously
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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Currency markets
FX options traders rethink vol drivers amid macro uncertainty
Market-makers believe more and more events will influence options pricing as political risk bubbles up during 2024
As T+1 looms, non-US firms consider out-of-hours trading
Pruned settlement cycle forces foreign buy-siders to explore automating the FX leg of securities trades
In a bit of a fix: Refinitiv seeks ideas to improve WM/R
Operator launches consultation following criticism of 4pm fixing rate
Equities & the Fed: A Dependent or Codependent Relationship?
From early 2014 through 2018, expectations for rate hikes by the Federal Reserve (Fed) moved almost in lockstep with U.S. equity markets.
FX Options Skews: Economics and Implications
Nearly all options markets exhibit some kind of natural skewness.
Most read
- Top 10 operational risks for 2024
- Japanese megabanks shun internal models as FRTB bites
- Top 10 op risks: third parties stoke cyber risk