ISDA-AFME commentary on indirect clearing under the EMIR – 29 July 2011

The International Swaps and Derivatives Association, Inc.1 (“ISDA”) is pleased to have the opportunity to comment on the European Market Infrastructure Regulation (“EMIR”), the proposed EU Commission regulation on OTC derivatives, central counterparties and trade repositories.  ISDA is writing this letter to explain and emphasise the importance of EMIR having sufficient flexibility so as to accommodate indirect clearing and provide scope for guidance and practice from the European Securities and Market Authority (“ESMA”) in due course.

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Documents (1) for ISDA-AFME commentary on indirect clearing under the EMIR – 29 July 2011

Efficiency is Vital to Delivering Resilience

With less than three months to go until implementation of US Treasury clearing begins at the end of this year, it’s critical that the mandate is safely implemented without compromising market efficiency. This represents a huge change in market structure,...

Assessing Tokenized MMFs as Eligible Collateral

Distributed ledger technology and digital assets have matured from their early stages to solutions capable of addressing longstanding inefficiencies in collateral management. Tokenized money market funds (TMMFs) represent a particularly promising area for the application of this technology, combining the...