European Market Infrastructure Regulation: Difference between revisions

no edit summary
No edit summary
No edit summary
 
(3 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{a|eu|}}{{emir}}, better known as “'''{{tag|EMIR}}'''” is the result of a final proposal published by the [[European Commission]] on 15 September 2010, to increase stability within OTC derivative markets.  
{{a|emir|}}{{emir}}, better known as “'''{{tag|EMIR}}'''” is the result of a final proposal published by the [[European Commission]] on 15 September 2010, to increase stability within OTC derivative markets.  
===What {{t|EMIR}} does===
===What {{t|EMIR}} does===
The Regulation introduces:
The Regulation introduces:
Line 22: Line 22:


Hedging Exemption3.  In calculating the positions referred to in paragraph 1, the non-financial counterparty shall include all the OTC derivative contracts entered into by the non-financial counterparty or by other non-financial entities within the group to which the non-financial counterparty belongs, which are not objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of the non-financial counterparty or of that group.
Hedging Exemption3.  In calculating the positions referred to in paragraph 1, the non-financial counterparty shall include all the OTC derivative contracts entered into by the non-financial counterparty or by other non-financial entities within the group to which the non-financial counterparty belongs, which are not objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of the non-financial counterparty or of that group.
 
{{emir hedging exemption}}
===Hedging exemption===
Article {{emirprov|10.3}} provides:
{{quote|3.  In calculating the positions referred to in paragraph 1, the non-financial counterparty shall include all the OTC derivative contracts entered into by the non-financial counterparty or by other non-financial entities within the group to which the non-financial counterparty belongs, which are not objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of the non-financial counterparty or of that group.}}


{{sa}}
{{sa}}
Line 35: Line 32:
*[[Financial counterparty]]
*[[Financial counterparty]]
*[[Non-financial counterparty]]
*[[Non-financial counterparty]]
{{ref}}