CPMI-Iosco report highlights gaps in CCPs’ variation margin practices
Survey finds only a third implement VM pass-through, just 15% net client and house accounts
Central counterparties (CCPs) may not be fully implementing existing resilience guidance on variation margin (VM), a report by the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (CPMI-Iosco) suggests.
The resilience guidance published in 2017 outlines several goals including making VM calls more predictable, scheduling calls to
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