Nine global custodians are in various stages of testing with the MTU, and GlobalCollateral is in the process of engaging with around 40 other regional custodians.
Tag: Initial Margin
Regulatory bodies issue guidance on initial margin rules as industry continues to call for further amendments
BCBS/IOSCO issue guidance on initial margin rules for derivatives based on transitioning benchmarks as industry continues to seek recalibration of thresholds.
With a new wave of initial margin rules on the horizon, BNY Mellon says clients are already more prepared.
BNP Paribas will use the FIS solution to increase its visibility around initial margin on its cleared derivatives transactions.
The final phase of the framework for posting initial margin is due to come into force in 2020.