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Apr 13, 2015

Eurex Clearing

ESMA: Overview of OTC derivatives and clearing obligation status

The clearing obligation procedure has started in Q1 2014 following the first EU CCPs authorizations. Since that date, ESMA has analyzed several classes of interest rate, credit, equity and foreign exchange OTC derivatives and proposed some of them for the clearing obligation. The clearing obligation applies to EU firms that are counterparties to an OTC derivative contract. This ESMA report provides an overview of the current status of the clearing obligation process for those classes.