Capco: EMIR: The imminent OTC derivatives clearing obligation. Are you ready?

Mandatory clearing of OTC (over-the-counter) derivatives in Europe will soon become reality under EMIR (European Market Infrastructure Regulation).

The European Securities and Markets Authority (ESMA) has issued two Clearing Obligation consultation papers - IRS (interest rate swaps) and CDS (credit derivatives swaps) – which outline product classes subject to clearing obligation. ESMA’s proposed guidelines and timelines are summarized in the infographic below.

Are you ready to clear

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