Dual IM relief may slash 2020 docs burden by 90%
Isda sees around 8,000 counterparty relationships lifted from phase-five repapering
Two recommendations issued by international standard-setters, which aim to smooth preparations for initial margin (IM) rules on non-cleared derivatives, could see the documentation effort slashed by almost 90% for September 2020 implementation, reining in the so-called IM ‘big bang’ – at least for another year.
Recommendations from the Basel Committee on Banking Supervision (BCBS) and
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