Structure of indirect clearing arrangements

Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206

Specific contract clauses or netting agreements

a process for recognising netting arrangements that requires legal staff to verify that netting under those arrangements is legally enforceable

The calculation of the CVA generally reflects the impact of netting, centralized clearing and collateral arrangements in place between the counterparties.

1 The offsetting agreements shall include in particular netting provisions as well as the default agreements contained in bilateral or framework agreements.

Have a negotiation of the compensation and sign agreements

Tariffs certainly reduce the amount of international trade.

establish clearing arrangements within four months of the notification referred to in point (a) of this subparagraph

the period of time a counterparty subject to the clearing obligation needs in order to put in place arrangements to clear its OTC derivative contracts through a CCP

ESMA Consults on Indirect Clearing Arrangements under EMIR and MiFIR

working to find solutions to indirect clearing under EMIR and MiFIR

ESMA consults on aligning trading and clearing obligations for counterparties under MiFIR and EMIR Refit

ESMA Plans to Consult on Alternative Indirect Clearing Arrangements under EMIR and MiFIR

For more information: Draft regulatory technical standards on indirect clearing arrangements under EMIR and MiFIR