Europe set to delay variation margin regime
Delay to initial margin deadline likely to be accompanied by smaller shift in variation margin timetable
The European Commission is set to delay its implementation of the global non-cleared margin framework for both initial margin and variation margin, Risk.net understands, throwing out an agreed deadline of September 1 for the largest swap dealers to begin posting initial margin (IM) to one another, as well as a deadline of March 1, 2017 for thousands of counterparties to begin exchanging variation margin (VM).
In an emailed statement, the EC confirmed it would delay its implementation of the
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