CLS considers membership category for CCPs


Although precise details on which over-the-counter contracts will be subject to mandatory clearing requirements still have to be finalised in the US and Europe, several CCPs are already developing FX clearing services and are understood to be in discussions with banks, regulators and CLS over how they will mitigate settlement risk.

"There is an ongoing project around how central clearing of FX products will work in terms of the clearing model, and connectivity between CCPs and CLS, and there are

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