Emir clearing mandate for NFCs is unjustified – EDF Trading

No good reason to subject energy firms to mandatory clearing, says firm's head of regulation

Nonfinancial firms fear having cash locked up in margin accounts

European Union policy-makers should reconsider the rules requiring certain commodity firms to clear all their over-the-counter derivatives transactions, according to the top regulatory official at EDF Trading, the London-based trading arm of French multinational utility EDF.

Cemil Altin, head of regulatory affairs at EDF Trading, warned it would be costly to impose mandatory clearing on so-called nonfinancial counterparties (NFCs) and the move would have no appreciable benefit in terms of limiti

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: