EMIR's next deadline: September 15 - Application of Risk Mitigation Techniques

EMIR's roadmap foresees further requirements regarding risk mitigation, which will become mandatory from September 15 for those companies which trade OTC derivatives. It is then required to have binding agreements with counterparties in place.

It involves regular portfolio reconciliations, portfolio compression and dispute resolution provisions in the event of a dispute. These new requirements are implemented through changes of framework agreements and/or through bilateral agreements and applies also to intra-group transactions.

Details can be found in the newsletter archive of http://www.emir-ate.com/newsletter.html

The points mentioned here represent a brief summary of a comprehensive document which we will gladly email to you (mailto: emirate@treamo.com).