Canadian Clearing Classification Letter

On January 19, 2017, the Canadian Securities Administrators published National Instrument 94-101, Mandatory Central Counterparty Clearing of Derivatives and a related companion policy (the “Canadian Mandatory Clearing Rule”). This classification letter allows market participants to provide their counterparties with status information in order to determine if they are in scope for purposes of the Canadian Mandatory Clearing Rule. THIS DOCUMENT IS AVAILABLE IN BOTH ENGLISH AND FRENCH.

A Welcome Extension on US Treasury Clearing

Yesterday, the US Securities and Exchange Commission (SEC) announced it would delay the implementation of mandatory clearing for US Treasury securities by one year. That means eligible cash transactions will now need to be cleared by December 31, 2026, with...

ISDA and FIA Response on Pre-Hedging

On February 21, ISDA and FIA responded to the International Organization of Securities Commissions (IOSCO)’s consultation report on pre-hedging. In the response, the associations highlight that an appropriate, consistent and well-understood framework for pre-hedging is important for safe and efficient...