India proposes tough uncleared swap margin rules

RBI underscores India's status as a non-netting jurisdiction

Reserve Bank of India in Mumbai
Reserve Bank of India: legal position for netting in India is not "unambiguously clear"

The Reserve Bank of India (RBI) has reinforced the country's status as a non-netting jurisdiction by insisting margining for non-centrally cleared derivatives must be done on a transaction-by-transaction basis rather than across the whole portfolio.

The RBI insists the legal position for netting in India is not "unambiguously clear", but this view is not shared by the International Swaps and Derivatives Association (Isda), which has already pronounced the country to be a clean netting

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: