Dealers warn of hit to Asia from short margin transfer times

Japanese firms and Isda call for T+3 for cross-border uncleared swap trades


Two groups representing major banks have warned of a disproportionate burden on counterparties in Asia-Pacific as a result of incoming US and European collateral rules for uncleared swaps, and called for three business days to be allowed for the transfer of initial and variation margin in cross-border trades rather than only one.

In a December 8 letter to the Basel Committee on Banking Supervision and the International Organization of Securities Commissions, seen by, the Japan Financial

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:

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 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: