P { margin-bottom: 0.21cm;

Initial margin non centrally cleared

Several features of the near-final proposal are intended to manage the liquidity impact of the margin requirements on financial market participants. The proposed requirements would allow for the introduction of a universal initial margin threshold of €50 million. The results of a quantitative impact study (QIS) conducted in 2012 indicate that application of the threshold could reduce the total liquidity costs by 56% relative to a margining framework with a zero initial margin threshold, which was initially proposed in the July 2012 first consultative paper.

Today's proposal also envisages a gradual phase-in to provide market participants with sufficient time to adjust to the requirements. The requirement to collect and post initial margin on non-centrally cleared trades is proposed to be phased in over a four year period beginning 2015 and begin with the largest, most active and most systemically risky derivative market participants.

The proposed margin standards are articulated through a set of key principles that primarily seek to ensure that appropriate margining practices will be established for all non-centrally-cleared over-the-counter (OTC) derivative transactions. These principles will apply to all transactions that involve either financial firms or systemically important non-financial entities.

The Basel Committee and IOSCO seek public comment on the near-final proposal and specifically solicit feedback on the following four issues relating to:

  1. the treatment of physically-settled foreign exchange (FX) forwards and swaps under the framework,
  2. the ability to engage in limited re-hypothecation of collected initial margin,
  3. the proposed phase-in framework, and
  4. the adequacy of the conducted quantitative impact study (QIS).
You might also like
How to Core and Slice an Apple
How to Core and Slice an Apple
The Cuisipro Apple Corer
The Cuisipro Apple Corer
Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer THE STOCK EXCHANGE: The clearing House. London, antique print c1880
Home (Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer)
  • Caption below print: The clearing house
  • Condition: Good; suitable for framing. However, please note: Verso text quite apparent in margin; The image shown may have been taken from a different example of...
  • Size: 14.0 x 14.0cm, 5.5 x 5.5 inches (Small)
  • Type & Age: Year printed c1880. Antique wood engraved print
  • Verso: There are images and/or text printed on the reverse side of the picture which are likely to show through the page to some extent because the paper is quite...
Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer LONDON: Clearing House, Lombard St, antique print, 1847
Home (Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer)
  • Caption below print: The Clearing-House, in Lombard-Street
  • Condition: Good; suitable for framing. Please check the scan for any blemishes prior to making your purchase.
  • Size: 14.5 x 23.5cm, 5.75 x 9.25 inches (Medium)
  • Type & Age: Year printed 1847. Antique wood engraved print
  • Verso: There are images and/or text printed on the reverse side of the picture. In some cases this may be visible on the picture itself (please check the scan prior...

Popular Q&A

avatar
Well, don't you think it was?

first off, i do think it was founded with Christian principles and all that but at the same time, i went through the texas school system and wasn't specifically taught that the founding fathers intended America to be an explicitly Christian nation with laws based on their own narrow interpretations of the Bible. i wasn't specifically taught what kind of Christian either founding father was or whether certain ones were or not. those were all things that you just pick up with a few comprehension skills. that lady seems to want to keep it the way, not change the way history is taught i.e. …

avatar
How can I avoid my non-initialized variables to be cleared at startup?

By default non-initialized static/public variables are cleared by the startup code which is linked to your application. To avoid this, you have some options:

Related Posts