Timeline for NDF clearing still pending, says Massad
CFTC chairman refuses to give a definitive date on NDF clearing
There is no timetable in place for a clearing mandate for non-deliverable forwards (NDFs), according to Commodity Futures Trading Commission chairman Timothy Massad, as the US regulator reveals it is examining the potential impact on how NDFs will be traded in the future.
"We don't have a timetable [for NDF clearing]," said Massad, speaking at the fifth annual Sefcon conference in New York. "It is something that is on our radar screen though and something we are thinking about. We had a very
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