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01/01/2017

Exchange of margins for non-cleared OTC derivative contracts

On 4 October 2016 ESMA published a delegated regulation supplementing EMIR with regulatory technical standards on risk mitigation techniques for OTC derivative contracts not cleared by a central counterparty.

On 4 October 2016 ESMA published a delegated regulation supplementing EMIR with regulatory technical standards on risk mitigation techniques for OTC derivative contracts not cleared by a central counterparty. The delegated act addresses:

  • risk management procedures, in particular collateral levels and types as well as segregation arrangements;
  • the procedures for counterparties and the relevant competent authorities to be followed when applying exemptions for intragroup OTC derivatives;
  • and the conditions to be met by counterparties in the same group to benefit from these exemptions.