Clearing of deliverable FX instruments

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have issued this statement on the clearing of deliverable FX instruments by CCPs. The statement clarifies the expectations of 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.