Be prepared for the Uncleared Margin Rules (UMR) has been saved
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Be prepared for the Uncleared Margin Rules (UMR)
New Margin Rules for uncleared derivatives (UMR) transactions
The global regulatory agenda covering the over-the-counter derivatives market participants recommends, among other things, the implementation of margin requirements for non-centrally cleared derivatives.
As per EMIR, the implementation of variation margin (VM) requirements occurred in March 2017, while initial margin (IM) requirements continue to phase-in annually through 2020.
Newly In-Scope Counterparties (NISC) will have to address a set of challenges to achieve compliance with the new UMR.
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