EMIR clearing thresholds
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
- Credit: EUR1 billion
- Equity: EUR1 billion
- Interest Rates: EUR3 billion
- Foreign exchange: EUR3 billion
- Commodities and others: EUR3 billion