83,240
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
So in this new world where derivatives are finally seen as the [[weapons of 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 collateralised. | So in this new world where derivatives are finally seen as the [[weapons of 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]]. | ||
Thus the grand excitement, culminating in the first quarter of 2017, of [[variation margin regulation]] (call it [[WGMR]], [[SIMM]], [[UMR]] - whatever the hell you like). | Thus the grand excitement, culminating in the first quarter of 2017, of [[EMIR|variation margin regulation]] (call it [[WGMR]], [[SIMM]], [[UMR]] - whatever the hell you like). The {{EU}} articulation of it was in {{t|EMIR}} - the grandly titled [[European Market Infrastructure Regulation]]. | ||
===[[Financial counterparty - EMIR Provision|Financial counterparties]]=== | ===[[Financial counterparty - EMIR Provision|Financial counterparties]]=== | ||
Er - | Er - if you're one of these you're in. Being one of these is basically a case of not being one of those. ↓ | ||
===[[Non-financial counterparty - EMIR Provision|Non-financial counterparties]]=== | ===[[Non-financial counterparty - EMIR Provision|Non-financial counterparties]]=== |