Buy side continues with IM prep despite delays
Firms looking at custodian types, docs and trading strategies to optimise margin
Buy-side firms are far from putting their feet up after international standard setters eased pressure on the 2020 phase of the non-cleared margin rules, market participants say.
Firms are now starting to size up the challenges as they prepare to post initial margin under the new regulations. These include choosing the right type of custodian, dealing with existing margin payments and pushing for bespoke terms in documentation where possible. Some are also looking at changing trading strategies
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