Cryptic crossword clue
Fascinating period obligatory 12

The most common and most likely answer to this crossword clue is the 12 letter word SPELLBINDING

I've seen this crossword clue in The Daily Telegraph
S
P
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Buddy explains!

The straight part
We know that "Fascinating" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fascinating = spellbinding.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SPELLBINDING mean?

SPELLBINDING adjective
  1. Engrossing; fascinating; gaining rapt attention; captivating.
  2. Having the power to bind magically through the agency of a spell.

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