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	{{a\|eu\|}}So in this new world where derivatives are finally seen as the [[weapons of financial mass destruction]] that Warren Buffett always said they were, the regulators have announced that, over certain thresholds, parties trading [[over-the-counter]] derivatives must clear them through a [[CCP\|central clearing counterparty]], and [[mark-to-market]] exposure arising from those types of derivative which cannot be (or are not) centrally cleared must be fully [[Collateral\|collateralised]].		{{a\|emir\|}}So in this new world where derivatives are finally seen as the [[weapons of financial mass destruction]] that Warren Buffett always said they were, the regulators have announced that, over certain thresholds, parties trading [[over-the-counter]] derivatives must clear them through a [[CCP\|central clearing counterparty]], and [[mark-to-market]] exposure arising from those types of derivative which cannot be (or are not) centrally cleared must be fully [[Collateral\|collateralised]].

	Short points: a non-financial counterparty must measure its gross exposure to derivatives — against any counterparty — by reference to predefined notionals (see below). If it is over these thresholds in total, it must post margin with respect to all of its exposures, to each counterparty, for that asset class. This does not necessarily affect its obligation to post VM for ''other'' asset classes.		Short points: a non-financial counterparty must measure its gross exposure to derivatives — against any counterparty — by reference to predefined notionals (see below). If it is over these thresholds in total, it must post margin with respect to all of its exposures, to each counterparty, for that asset class. This does not necessarily affect its obligation to post VM for ''other'' asset classes.