CCPs clear less than 2% of NDF contracts

Market steers away from NDF clearing, according to official figures

scrutiny-regulation

Less than 2% of the non-deliverable forward (NDF) market is going through a clearing house on a daily basis, new data shows, suggesting the foreign exchange market is reluctant to embrace clearing before a mandate is established for these contracts.

Figures from Clarus Financial, which collects information from swap data repositories (SDRs) in the US, reveal that on some days no NDF contracts are cleared in the country, while individual currency pairs show varying degrees of clearing.

On June 3

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 copy this content. Please contact info@fx-markets.com 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 FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets 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 indvidual account here: