Non-financial counterparty: Difference between revisions

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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\|{{subtable\|“non-financial counterparty” means an undertaking established in the Union other than the entities referred to in points (1) ([[CCP]]) and (8) ([[financial counterparty]])}} }}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 the get-out-of-EMIR-jail-cards that are the [[EMIR clearing thresholds]].		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]].