INTERNATIONAL: Final framework for margin requirements for non-centrally cleared derivatives

Monday September 2 2013

The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) has released the final framework for margin requirements for non-centrally cleared derivatives on 2nd September 2013.

Under these globally agreed standards, all financial firms and systemically important non-financial entities that engage in non-centrally cleared derivatives will have to exchange initial and variation margin commensurate with the counterparty risks arising from such transactions. Click on the above link for more details.