Basel Sets Out Collateral Rehypothecation Guidelines

Banks will only be allowed to rehypothecate collateral set aside for initial margin once, unless collateral is collected as variation margin, according to new guidelines for non-centrally cleared derivatives from the Basel Committee on Banking Supervision. Firms must also calculate initial margin on a gross basis, rather than a net basis, according to the BCBS.

  • 02 Sep 2013

Banks will only be allowed to rehypothecate collateral set aside for initial margin once, unless collateral is collected as variation margin, according to new guidelines for non-centrally cleared derivatives from the Basel Committee on Banking Supervision. Firms must also calculate initial margin on a gross basis, rather than ...

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