The margining collateral rules will come into force in September, said the body
The International Swaps and Derivatives
Association (Isda) has detailed new margining requirements for
non-cleared derivatives in the first in a series of documents
to help market participants comply with the new
"The advent of margining rules for
non-cleared derivatives is a major milestone in the derivatives
reform initiative agreed by the Group-of-20 nations," said
Scott O’Malia, Isda's chief executive.
"Implementing the new margining
requirements will be challenging, and Isda has worked
tirelessly to help smooth this process by addressing the legal,
documentation and modelling issues faced by our members and the
wider market," he added.
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