CFTC’s clearing timeline prompts backloading 'meltdown'

time-bomb

Preparations for mandatory central clearing of over-the-counter derivatives hit a speed bump last week when it appeared the industry had misunderstood a crucial element of the timeline laid out by the Commodity Futures Trading Commission (CFTC).

Instead of being required to start clearing 90 days, 180 days or 270 days after the agency publishes its final clearing determination rule - expected next month - market participants feared they would also be required to back-load all trades executed dur

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking 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: