After six month slog, derivatives industry is ready for swaps rules
Derivatives counterparties in the US have made enormous strides towards compliance with the September 1 end date for a grace period on variation margin rules for uncleared swaps, a stark change from six months ago.
A collective industry outcry in February led to a six month extension by the Commodity Futures Trading Commission, postponing the original implementation date of March 1.
“I would say that, in the US, concerns over the implementation of variation and initial margin this year have largely abated, as
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