Regulatory Alerts2021-06-28
Added
Guidelines on Risk Mitigation Requirements for Non-Centrally Cleared Over-the-Counter Derivative Contracts
The Monetary Authority of Singapore issues these guidelines to establish risk mitigation standards for OTCD Intermediaries dealing in non-centrally cleared over-the-counter derivatives. The document mandates robust trading relationship documentation, timely trade confirmation, objective valuation processes, and regular portfolio reconciliation and compression procedures. It further requires structured dispute resolution mechanisms and strict governance oversight to ensure legal certainty and market stability.
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