Commission Delegated Regulation (EU) 2016/2251 of 4 October 2016 supplementing Re... (32016R2251)
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Commission Delegated Regulation (EU) 2016/2251 of 4 October 2016 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty (Text with EEA relevance )
- COMMISSION DELEGATED REGULATION (EU) 2016/2251
- of 4 October 2016
- supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty
- (Text with EEA relevance)
- CHAPTER I
- Article 1
- Definitions
- Article 2
- General requirements
- Article 3
- Exchange of collateral agreement
- Article 4
- Eligible collateral
- Article 5
- Eligibility criteria for units or shares in UCITS
- Article 6
- Credit quality assessment
- Article 7
- Specific requirements for eligible assets
- Article 8
- Concentration limits for initial margin
- Article 9
- Frequency of calculation and determination of the calculation date
- Article 10
- Calculation of variation margin
- Article 11
- Calculation of initial margin
- Article 12
- Provision of variation margin
- Article 13
- Provision of initial margin
- Article 14
- General requirements
- Article 15
- Confidence interval and MPOR
- Article 16
- Calibration of the parameters of the model
- Article 17
- Diversification, hedging and risk offsets across underlying classes
- Article 18
- Qualitative requirements
- Article 19
- Collateral management and segregation
- Article 20
- Treatment of collected initial margins
- Article 21
- Calculation of the adjusted value of collateral
- Article 22
- Own estimates of the adjusted value of collateral
- CHAPTER II
- Article 23
- CCPs authorised as credit institutions
- Article 24
- Non-financial counterparties and third-country counterparties
- Article 25
- Minimum transfer amount
- Article 26
- Margin calculation with third-country counterparties
- Article 27
- Foreign exchange contracts
- Article 28
- Threshold based on notional amount
- Article 29
- Threshold based on initial margin amounts
- Article 30
- Treatment of derivatives associated to covered bonds for hedging purposes
- Article 31
- Treatment of derivatives with counterparties in third countries where legal enforceability of netting agreements or collateral protection cannot be ensured
- CHAPTER III
- Article 32
- Procedures for counterparties and relevant competent authorities
- Article 33
- Applicable criteria on the legal impediment to the prompt transfer of own funds and repayment of liabilities
- Article 34
- Applicable criteria on the practical impediments to the prompt transfer of own funds and repayment of liabilities
- CHAPTER IV
- Article 35
- Transitional provisions
- Article 36
- Application of 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20
- Article 37
- Application of Articles 9(1), 10 and 12
- Article 38
- Dates of application for specific contracts
- Article 39
- Calculation of aggregate average notional amount
- Article 40
- Entry into force
- ANNEX I
- ANNEX II
- ANNEX III
- ANNEX IV
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