The Delta Strategy Group released an update regarding the Basel Committee on Banking Supervision’s and the International Organization of Securities Commissions’ (“IOSCO“) final framework for margin requirements for non-centrally cleared derivatives released on September 2. Under these global standards, all financial firms and systemically important non-financial entities that engage in non-centrally cleared derivatives will have to exchange initial and variation margins commensurate with the counterparty risks arising from such transactions.
See: Click here to see the Basel Committee and IOSCO Update from Delta Strategy Group.
See also: Basel Committee and IOSCO Release Margin Requirements for Non-Centrally Cleared Derivatives Final Framework (September 4, 2013).