Monday, May 16, 2016

RBI spells out margin requirement for noncentrally cleared derivatives

As part of its move to implement margin requirements for non-centrally cleared derivatives, the Reserve Bank of India brought out a discussion paper wherein it has been proposed that both initial margin and variation margin will generally apply to all such derivatives. In such derivatives, at least one of the parties to the transaction should be a scheduled bank, or other agency falling under the regulatory purview of the central bank.


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