The new business aims to standardise post-trade processes for non-cleared OTC derivatives.
Tag: OTC derivatives
The two companies will allow traders to rewrite their OTC derivatives agreements and pass on the operational workflow.
The European Commission has adopted the initial margin rules, which is set to come into force in January 2017.
European regulators disagree with standards laid out by the European Commission on mitigation for non-cleared OTC derivatives.
Basel III rules and OTC derivatives still off the mark.
Only the US, Canada and Japan are ready to implement initial margin requirements on 1 September.
The European Commission has proposed an adjusted timeline so further scrutiny can be carried out.