FX clearing a priority for 2014, vows CLS chief

Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth

priority-rubber-stamp

Facilitating central counterparty (CCP) clearing of over-the-counter foreign exchange options in line with regulatory requirements is a top priority for 2014, according to forex settlement risk mitigation utility CLS, which has vowed to work closely with banks and CCPs to assist with the settlement of cleared foreign exchange products.

The commitment comes weeks after the global foreign exchange division (GFXD) of the Global Financial Markets Association published the results of an extensive

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 copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net 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