Sets the minimum standards for non-centrally cleared OTC derivatives: scope and phase-in (margin standards, risk mitigation standards, comparability assessment, effective dates, transitional arrangements); margin standards (variation margin, initial margin, the IM threshold, treatment of IM collected, minimum transfer amount, timing, eligible assets, haircuts); risk mitigation standards (trading relationship documentation, trade confirmation, valuation, portfolio reconciliation, portfolio compression, dispute resolution); and the treatment of intragroup and cross-border transactions. Classification: a statutory guideline issued by the Monetary Authority under the Banking Ordinance §7(3); version V.2, 11.09.20; applies to AIs that are covered entities under the module.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.