Non-financial counterparty: Difference between revisions

Revision as of 09:10, 30 August 2022

Index: Click ᐅ to expand: EMIR Navigation: European Market Infrastructure Regulation 648/2012 (EUR Lex) \| uncleared margin regulation \| clearing thresholds \| non-financial counterparty

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An NFC is that fellow who is not, in ESMA’s eyes, a financial counterparty. Relevant for determining clearing thresholds (and by extension variation margin thresholds) whereupon you must inspect your NFC’s bona fides to determine whether it is an NFC+ or an NFC- (the latter being he who is not, in ESMA’s eyes, an NFC+.

Anyone else is a financial counterparty, and doesn’t get to enjoy the wobbling and subjective edifice of the get-out-of-EMIR-jail-cards that are the EMIR clearing thresholds.

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	{{a\|emir\|}}An [[NFC]] is that fellow who is not, in [[ESMA]]’s eyes, a [[financial counterparty]]. Relevant for determining [[Clearing thresholds - EMIR\|clearing thresholds]] (and by extension [[variation margin]] thresholds) whereupon you must inspect your [[NFC]]’s bona fides to determine whether it is an [[NFC+]] or an [[NFC-]] (the latter being he who is not, in [[ESMA]]’s eyes, an [[NFC+]].		{{a\|emir\|}}An [[NFC]] is that fellow who is not, in [[ESMA]]’s eyes, a [[financial counterparty]]. Relevant for determining [[Clearing thresholds - EMIR\|clearing thresholds]] (and by extension [[variation margin]] thresholds) whereupon you must inspect your [[NFC]]’s bona fides to determine whether it is an [[NFC+]] or an [[NFC-]] (the latter being he who is not, in [[ESMA]]’s eyes, an [[NFC+]].

	Anyone else ''is'' a financial counterparty, and doesn’t get to enjoy the wobbling and subjective edifice of a get-out-of-EMIR-jail-~~card~~ that is the [[clearing ~~threshold~~]].		Anyone else ''is'' a [[financial counterparty]], and doesn’t get to enjoy the wobbling and subjective edifice of the get-out-of-EMIR-jail-cards that are the [[EMIR clearing thresholds]].