Energy firms face Emir confirmation challenge

A looming deadline for confirming OTC derivatives is expected to cause problems for smaller energy firms, which may find themselves blocked from trading with bigger counterparties

Many smaller energy firms will struggle to meet a new deadline on trade confirmations for over-the-counter derivatives, which takes effect from September under the European Market Infrastructure Regulation (Emir), say consultants and market participants.

This is raising fears that smaller energy firms may be effectively excluded from trading with larger, more sophisticated counterparties.

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