Derivatives: ISDA Announces 2016 New York Law Variation Margin Credit Support Annex
The Energy Law
MAY 5, 2016
BCBS/IOSCO published a final policy framework in 2015 (the BCBS/IOSCO Framework ) requiring that market participants mitigate risk in OTC transactions by exchanging initial margin and variation margin. [2] Initial margin requirements are excluded from the 2016 CSA and, if applicable, would be addressed in a separate instrument.
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