All posts tagged "Variation Margin"
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350FeatureRBI Consults on Initial Margin Rules for Uncleared OTC Derivatives
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, 2022 -
1.1KChinaChina’s Futures and Derivatives Law: A New Era
The 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, 2022 -
493Australia & NZASX Proposes Changes to Rules on Investment Loss Allocation
The 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, 2022 -
332Capital / LiquidityInternational Standard Setters Launch Review into Margin Practices
While 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, 2021 -
455FeatureLCH Set to Switch Discounting, PAI Rate from SOR to SORA
LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.
August 8, 2021 -
625Capital / LiquidityStandard-setters Examine Margin Practices of Market Participants
Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.
May 9, 2021 -
318Big PictureCalls to Recalibrate CCP Margin Models Are Misplaced: WFE
The 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, 2021 -
1.1KCapital / Liquidity
RBI Issues Draft Rules on Variation Margin Exchange
The rules are applicable to India-regulated financial firms, IFSC banking units, and FPIs with non-cleared derivatives exceeding 500bn rupees.
September 8, 2020 -
832FeatureSFC Defers IM Rules, Maintains 1 September for VM Requirements
While 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, 2020 -
1.6KCapital / Liquidity
India to Introduce Netting Legislation, Margin Rules for Derivatives
Prompted 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
