Tag: Asset segregation
CFTC to simplify segregation
July 24th saw a unanimous approval of the CFTC’s proposal to reduce the complexity surrounding segregation of assets held as collateral in uncleared swap transactions. Under the Dodd-Frank, a swap dealer was required to notify each counterparty that they (the counterparty) possessed the right to choose whether to keep their funds in a segregated account […]
Dealers Seek ESMA Approval of Third Way Over Asset Segregation
Risk Magazine is reporting that the Futures and Option Association, together with a select set of dealers, has approached ESMA for its approval to the “LSOC with excess” model of segregation as an alternative, rather than in addition, to the individual client segregation model mandated under EMIR. Article 39 of EMIR requires CCPs to offer […]