ISDA has responded to the Swiss Financial Market Supervisory Authority (FINMA) consultation on updated clearing requirements resulting from the transition away from IBORs. ISDA’s response highlights the following points:
- ISDA members are very supportive of central clearing;
- There should be a sufficient notice period for clearing participants (clearing members and their clients);
- Transactions stemming from post-trade risk reduction exercises should be exempt from the clearing obligation;
- ISDA members welcome the Swiss clearing obligations.
Documents (1) for ISDA Responds to Swiss FINMA Consultation on Clearing Obligations for RFR Swaps
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