Monday October 17 2022
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: European Union
Link: https://bit.ly/3TmCDj6
On 14th October 2022, the European Securities and Markets Authority (ESMA) proposed measures to alleviate the liquidity pressure on non-financial counterparties (NFCs) active on gas and electricity regulated markets cleared in EU-based Central Counterparties (CCPs).
ESMA’s Final Report provides draft regulatory technical standards (RTS) which temporarily expand for a period of 12 months the pool of CCP eligible collateral to uncollateralised bank guarantees for NFCs acting as clearing members and to public guarantees for all types of counterparties.
The report published follows ESMA’s earlier response to the Commission and is accompanied by a Q&A clarifying the eligibility of bonds and commercial paper as collateral for CCPs.
Click on the above link for further information
