European OTC clearing documentation faces delay

Complications over close-out mechanisms and segregation models will delay the European addendum by up to three months, say dealers

Airport delays

The publication of a standard legal contract for over-the-counter derivatives clearing in Europe will be delayed by up to three months, dealers say. Banks, buy-side firms and central counterparties (CCPs) are struggling to find a common stance on close-out mechanisms, Europe's diverse segregation models and how to tackle the region's varying legal regimes.

The addendum – which will be attached to futures agreements or to International Swaps and Derivatives Association master agreements – was due

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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