Clearing back-loading provision removed from latest EU Council text

Matt Cameron
17 Mar 2011

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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 print this content. Please contact [email protected] to find out more.

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]