Isda touts CSA standardisation in margining countdown
But scale of challenge becomes clear in early tussles between dealers and clients
The International Swaps and Derivatives Association has urged market participants to consider standardising their collateral agreements as the industry hurries to comply with the next deadline of the market's new margining regime, but the scale of the challenge is being laid bare in early skirmishes between dealers and their clients.
New rules requiring the exchange of variation margin in non-cleared over-the-counter trades will take effect for many firms from March 1, imposing a degree of
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