82,891
edits
Clearing thresholds: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
===[[Non-financial counterparty|Non-financial counterparties]]=== | 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 rhgw [[mark-to-market exposure arising from those types of derivative which cannot be (or are not) centrally cleared must be fully 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). | |||
===[[Financial counterparty - EMIR Provision|Financial counterparties]]=== | |||
===[[Non-financial counterparty - EMIR Provision|Non-financial counterparties]]=== | |||
[[EMIR]] identifies two sub-categories of [[Non-financial Counterparty|Non-Financial Counterparties]] (“[[NFC]]”). | [[EMIR]] identifies two sub-categories of [[Non-financial Counterparty|Non-Financial Counterparties]] (“[[NFC]]”). | ||