United States:
ESMA Final Draft RTS for Central Clearing of Interest Rate Swaps under EMIR
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On October 2, the European Securities and
Markets Authority (ESMA) published a report
containing final draftregulatory technical standards
(RTS) for the central clearing
of interest rate swaps (IRS) under
EMIR. The four IRS classes that will be subject to central clearing
are basis swaps, fixed-to-float swaps, forward rate agreements and
overnight index swaps, each denominated in a range of
currencies.
Report.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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