EU EMIR: requirement to clear OTC derivative contracts through a CCP | Practical Law

EU EMIR: requirement to clear OTC derivative contracts through a CCP | Practical Law

EU EMIR (the Regulation on OTC derivatives, central counterparties and trade repositories) (648/2012) requires certain classes of over-the-counter (OTC) derivatives contracts to be cleared through a central counterparty (CCP). This note considers the scope and implications of the EMIR clearing requirements.

EU EMIR: requirement to clear OTC derivative contracts through a CCP

Practical Law UK Practice Note 7-518-8927 (Approx. 34 pages)

EU EMIR: requirement to clear OTC derivative contracts through a CCP

by Practical Law Financial Services
Maintained • European Union
EU EMIR (the Regulation on OTC derivatives, central counterparties and trade repositories) (648/2012) requires certain classes of over-the-counter (OTC) derivatives contracts to be cleared through a central counterparty (CCP). This note considers the scope and implications of the EMIR clearing requirements.
For an overview of EMIR see Practice note, EU EMIR: overview.