The International Swaps and Derivatives Association (ISDA) and the Futures Industry Association (FIA) have published a position paper outlining their members’ concerns in relation to the settlement discipline regime under CSDR (effective February 2021), which has a number of unintended consequences for derivatives contracts, particularly regarding margin transfer and physically settled derivatives business. The paper requests legislative changes and/or regulatory interpretations to address these concerns.
Documents (1) for ISDA Publishes Position Paper on CSDR Settlement Discipline Regime
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