Regulatory Alerts2022-12-13
Joint Communication 3 of 2022 – Eligible Collateral for Margin Requirements on Non-Centrally Cleared OTC Derivatives
The Financial Sector Conduct Authority and Prudential Authority have designated South African central government bonds with licensed credit ratings as eligible collateral for margin requirements under Joint Standard 2 of 2020. This specification applies to non-centrally cleared over-the-counter derivative transactions and fulfills the regulatory criteria outlined in paragraph 6(2) of the standard. The Authorities will subsequently consult stakeholders on incorporating additional assets or instruments to satisfy ongoing margin obligations.
Share