Regulatory Alerts2017-09-18
Margin Requirements for Non-Centrally Cleared Derivatives
The Saudi Arabian Monetary Agency issued binding regulations on 1 October 2013 mandating margin requirements for non-centrally cleared derivatives across all banks. Aligned with the September 2013 BCBS and IOSCO framework, these rules finalize Basel III implementation standards for derivative exposures. Financial institutions must comply with the prescribed collateral posting and valuation protocols to mitigate counterparty credit risk.
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