Regulatory Alerts2021-06-29
Added
Guidelines on Margin Requirements for Non-Centrally Cleared OTC Derivatives Contracts [SFA 15-G03]
The Monetary Authority of Singapore issued these guidelines to specify how non-centrally cleared over-the-counter derivatives contracts must be margined. The document outlines regulatory expectations regarding the scope of applicable products and entities, as well as the methodologies for calculating margins. It further details the standards for eligible collateral and the application of haircuts to ensure adequate risk coverage.
Guidelines
Last Revised Date: 29 June 2021
Requirements for the margining of non-centrally cleared OTC derivatives contracts.
Credit Risk
Market Risk
Margins
Applies to:
Dealing in Capital Markets Products
,
Exempt Capital Markets Services Entity
,
OTC Counterparties
View Document
Guidelines on Margin Requirements for Non-Centrally Cleared OTC Derivatives Contracts [SFA 15-G03]
(331 KB)
These guidelines explain how MAS expects non-centrally cleared OTC derivatives contracts to be margined. In particular, guidance is provided on the following areas:
Scope of products and entities.
Margin calculations and methodologies.
Eligible collateral and haircuts.
8 Apr 2020 Previous version dated 8 April 2020 (850.8 KB) 11 Feb 2020 Previous version dated 11 February 2020 (775.3 KB) 26 Jul 2019 Previous version dated 26 July 2019 (780.3 KB) 5 Oct 2018 Previous version dated 5 October 2018 (774.7 KB) 6 Dec 2016 Previous version dated 6 December 2016 (571 KB)