VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.
June 20, 2022The new law sets the stage for the continued growth and development of the country's capital market, say Melody Yang and Jonathan Quie.
May 24, 2022The changes relate to the allocation of US settlement bank investment losses that arise from the inclusion of variation margin exposures in ASX Clear (Futures) overnight margin calls.
February 15, 2022While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.
October 27, 2021LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.
August 8, 2021Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.
May 9, 2021The procyclicality of initial margin models is a property of the system as a whole and so requires system-wide solutions, the WFE says in a new paper.
January 15, 2021The rules are applicable to India-regulated financial firms, IFSC banking units, and FPIs with non-cleared derivatives exceeding 500bn rupees.
September 8, 2020While variation margin requirements will still take effect from 1 September 2020 as planned, initial margin requirements for non-centrally cleared OTC derivatives will be deferred by one year.
May 8, 2020Prompted by a Budget proposal to introduce netting legislation "soon", the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.
February 11, 2020