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Index CDS one step closer to clearing

ESMA has issued the final draft RTS for CDS clearing. `The draft defines the type and sub-type of CDS that will be subject to the clearing obligation and the dates from which it will apply. The draft stipulates that clearing will initially apply to the following two CDS classes: ID Type Sub-type Geographical Zone Reference […]

EMIR Clearing Clearer?

ESMA has launched two consultation papers examining the clearing obligation for IRS[1] and CDS[2]. Following the authorisation of six CCP’s[3], ESMA has grouped the consultation process into broad asset classes, each of which are assessed for their contribution to systemic risk and a consequent clearing mandate. IRS:        The RTS proposes the following four classes […]

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