Forex forward users delay VM plans amid uncertainty

Firms postpone plans to start margining before January 3 in case EU regulators scrap new requirement

Uncertain times: buy-side users are postponing margining until further clarification

Users of foreign exchange forwards in Europe say they will postpone plans to start margining their trades while waiting to find out whether regulators will delay or scrap the requirement.

Europe is alone among the biggest derivatives jurisdictions in requiring buy-side users of certain forex forwards to post variation margin on new trades. A number of these firms were planning to start posting variation margin before the regime begins on January 3, but with expectations growing that regulators