Clearing back-loading provision removed from latest EU Council text

Council removes back-loading provision in Emir proposal

unplugged

The Council of the European Union has decided to shelve a provisional requirement to back-load trades into central counterparties (CCPs) – a condition that could have compelled dealers to revalue large swaths of their portfolios and create a vast, unforeseen cost for clients by suddenly requiring them to start posting margin.

The council has instead opted to impose the clearing obligation for trades transacted on or after the date the regulation comes into force, bringing its thinking into line

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: