All FX derivatives will be cleared by 2014, say CCPs
All foreign exchange derivatives – not just those mandated for clearing by regulation – will be clearable through central counterparties (CCPs) by 2014, according to senior FX experts at two major CCPs.
“I think all of FX will be available to be cleared by sometime in 2014. When you trade an asset class, you tend to want to manage the risk across all the products of that asset class. So if you only clear a little bit of it – and non-deliverable forwards (NDFs) are only 3% of foreign exchange –
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