Regulatory Alerts2023-06-02
Added · Updated
Guidelines on the methodology for determining the valuation of contracts prior to termination under Article 29(1) of CCPRRR
ESMA issues guidelines specifying the valuation methodology resolution authorities must use for contracts prior to termination under Article 29(1) of CCPRRR. Resolution authorities are required to determine a fair market termination price per contract, primarily using the CCP's own rules and arrangements, or alternative price discovery methods if those rules do not yield a fair market price. Competent authorities must notify ESMA within two months of publication regarding their compliance status and must apply these guidelines from two months after publication.
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