Parties looking to conclude OTC derivatives contracts (derivatives that are traded outside regulated markets) will face many new requirements due to the recently adopted EMIR Regulation. Requirements include central clearing for specified contracts and posting collateral (margin) at the central counterparty. Which contracts will be designated as 'specified contracts' is yet to be determined. Parties that are not subject to the central clearing obligation are required to adopt risk mitigating techniques, as specified in the Regulation

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