The Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) has issued a statement following industry developments with respect to central counterparty (CCP) clearing of deliverable FX instruments and the associated models for effecting their settlement. The statement applies only to the clearing of deliverable FX instruments by CCPs.

The statement clarifies the expectations of the CPMI and IOSCO, as originally set out in the Principles for Financial Market Infrastructures, with respect to CCP clearing of deliverable FX instruments and the associated models for effecting their settlement.

View CPMI / IOSCO statement on clearing of FX instruments, 5 February 2016