New margin timing rules may pose problems for buy side
Dealers warn clients could struggle to meet incoming T+1 deadline for variation margin
Banks warn that the buy side may face difficulties meeting planned new timing requirements for exchanging variation margin on non-cleared derivatives trades.
Non-cleared derivatives margin rules came into force in the US, Japan and Canada on September 1, requiring the largest dealers to post initial and variation margin on new non-cleared over-the-counter derivatives trades. From March 1 most other counterparties will be required to post variation margin on new trades. That variation margin must
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