EMIR clearing thresholds: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
No edit summary
Line 1: Line 1:
{{a|eu|}}UInder EMIR there are two sub-categories of [[Non-financial counterparties - EMIR Provision|non-financial counterparties]]: [[NFC+]] and [[NFC-]].
{{a|isda|}}UInder EMIR there are two sub-categories of [[Non-financial counterparties - EMIR Provision|non-financial counterparties]]: [[NFC+]] and [[NFC-]].
All [[Non-financial counterparties - EMIR Provision|non-financial counterparties]] must calculate their group’s aggregate month-end average position in derivative contracts for the previous 12 months, [[Hedging exemption|excluding derivative trades executed for hedging purpose]].  
All [[Non-financial counterparties - EMIR Provision|non-financial counterparties]] must calculate their group’s aggregate month-end average position in derivative contracts for the previous 12 months, [[Hedging exemption|excluding derivative trades executed for hedging purpose]].  



Revision as of 10:16, 3 August 2022

ISDA Anatomy™
Index: Click to expand:Navigation
See ISDA Comparison for a comparison between the 1992 ISDA and the 2002 ISDA.
The Varieties of ISDA Experience
Subject 2002 (wikitext) 1992 (wikitext) 1987 (wikitext)
Preamble Pre Pre Pre
Interpretation 1 1 1
Obligns/Payment 2 2 2
Representations 3 3 3
Agreements 4 4 4
EODs & Term Events 5 Events of Default: FTPDBreachCSDMisrepDUSTCross DefaultBankruptcyMWA Termination Events: IllegalityFMTax EventTEUMCEUMATE 5 Events of Default: FTPDBreachCSDMisrepDUSTCross DefaultBankruptcyMWA Termination Events: IllegalityTax EventTEUMCEUMATE 5 Events of Default: FTPDBreachCSDMisrepDUSSCross DefaultBankruptcyMWA Termination Events: IllegalityTax EventTEUMCEUM
Early Termination 6 Early Termination: ET right on EODET right on TEEffect of DesignationCalculations; Payment DatePayments on ETSet-off 6 Early Termination: ET right on EODET right on TEEffect of DesignationCalculationsPayments on ETSet-off 6 Early Termination: ET right on EODET right on TEEffect of DesignationCalculationsPayments on ET
Transfer 7 7 7
Contractual Currency 8 8 8
Miscellaneous 9 9 9
Offices; Multibranch Parties 10 10 10
Expenses 11 11 11
Notices 12 12 12
Governing Law 13 13 13
Definitions 14 14 14
Schedule Schedule Schedule Schedule
Termination Provisions Part 1 Part 1 Part 1
Tax Representations Part 2 Part 2 Part 2
Documents for Delivery Part 3 Part 3 Part 3
Miscellaneous Part 4 Part 4 Part 4
Other Provisions Part 5 Part 5 Part 5
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

UInder EMIR there are two sub-categories of non-financial counterparties: NFC+ and NFC-. All non-financial counterparties must calculate their group’s aggregate month-end average position in derivative contracts for the previous 12 months, excluding derivative trades executed for hedging purpose.

Thresholds

See also