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SFTR: Difference between revisions
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**Margin being built in, the variation margin regulations are less relevant. | **Margin being built in, the variation margin regulations are less relevant. | ||
The bloody minded amongst you ''could'', no doubt, configure an {{t|ISDA}} transaction to have all the characteristics of a “real SFTR” transaction, but it would take quite a bit of legal engineering and it is hard to see why you would do it (other out of sheer professional pride in your capacity to be bloody-minded, a force of nature one should not take lightly): | The [[bloody minded]] amongst you ''could'', no doubt, configure an {{t|ISDA}} transaction to have all the characteristics of a “real SFTR” transaction, but it would take quite a bit of legal engineering and it is hard to see why you would do it (other out of sheer professional pride in your capacity to be [[bloody-minded]], a force of nature one should not take lightly): | ||
*Initial exchange: Physical delivery of the reference asset against delivery of eligible collateral assets – hence “execution price” is moot | *Initial exchange: Physical delivery of the reference asset against delivery of eligible collateral assets – hence “execution price” is moot | ||
*Daily re-striking of the transaction at zero against a commensurate transfer of eligible collateral assets one way or the other | *Daily re-striking of the transaction at zero against a commensurate transfer of eligible collateral assets one way or the other | ||