Rationale for clearing all FX products is evident, say CCPs
The rationale for clearing even those foreign exchange products not mandated for clearing through central counterparties (CCPs) is becoming increasingly evident, according to clearing experts.
Although the US Department of the Treasury has not yet finalised its proposed determination to exempt FX swaps and forwards from mandatory clearing requirements under the Dodd-Frank Act, clearing houses have been pushing forward with FX platforms, with some opting to clear all FX products, regardless of
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