In finance, a derivative is a contract that derives its value from the performance of an underlying Although a third party, called a clearing house, insures a futures contract, not all derivatives are insured against counter-party risk. Because OTC derivatives are not traded on an exchange, there is no central counter-party. In many cases, there may be no other contract that has exactly the same terms, and therefore it may not be possible to net off many individual contracts across cleared through central counterparties by end-2012 at the latest. OTC derivative contracts should be reported to trade repositories. Non-centrally cleared 27 Jan 2017 amount of non-centrally cleared derivatives exceeding. HKD 15 billion do not apply to: (i) other transactions, such as repurchase agreements. Risk-mitigation techniques for OTC derivative contracts not cleared by a CCP a requirement to exchange a margin on non-centrally cleared OTC derivatives. Application of risk-mitigation techniques for non-centrally cleared OTC derivatives. Although the Risk mitigation rules for uncleared OTC derivative trades. 3.
All standardised OTC derivatives should be cleared through central counterparties (CCPs). •. OTC derivatives contracts should be reported to trade repositories. OTC derivative contracts should be reported to trade repositories. Non-centrally cleared contracts should be subject to higher capital requirements. We ask the Initial margin for non-centrally cleared OTC derivative transactions Centrally cleared trades will be subject to initial margin and variation margin on a daily and
29 Aug 2019 The Guidelines explain how MAS expects non-centrally cleared over-the-counter (OTC) derivatives contracts (“uncleared derivatives contracts”) OTC derivative contracts should be reported to trade repositories. •. Non-centrally cleared derivative contracts should be subject to higher capital requirements.4.
11 Feb 2020 These guidelines explain how MAS expects non-centrally cleared OTC derivatives contracts to be margined. In particular, guidance is provided All standardised OTC derivatives should be cleared through central counterparties (CCPs). •. OTC derivatives contracts should be reported to trade repositories. OTC derivative contracts should be reported to trade repositories. Non-centrally cleared contracts should be subject to higher capital requirements. We ask the Initial margin for non-centrally cleared OTC derivative transactions Centrally cleared trades will be subject to initial margin and variation margin on a daily and
29 August 2019. On 26 July 2019, the Monetary Authority of Singapore (“MAS”) revised the “Guidelines on Margin Requirements for Non-Centrally Cleared OTC Derivatives Contracts” (“Guidelines”). The Guidelines explain how MAS expects non-centrally cleared over-the-counter (OTC) derivatives contracts (“uncleared derivatives contracts”) to be margined. OTC derivatives contracts should be reported to trade repositories. Non-centrally cleared derivatives contracts should be subject to higher capital requirements.2 In 2011, the G20 agreed to add margin requirements on non-centrally cleared derivatives to the