Fed official reiterates FX options-clearing guidelines

- By Robert Mackenzie Smith
- 15 Jul 2014

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The clearing and settlement of foreign exchange options must come in line with international standards around CPSS-Iosco principles to ensure participants receive money on time, according to Lawrence Sweet, senior vice-president, payments policy, at the Federal Reserve Bank of New York.

Speaking at FX Week USA in New York, Sweet highlighted the ongoing discussions taking place between the Global Financial Markets Association (GFMA), settlement utility CLS and various central counterparties (CCPs

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 customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

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@fx-markets.com

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@fx-markets.com