Regulatory Alerts2021-05-12
Added · Updated
Reporting Arrangements for an AI’s Default Risk Exposures to Clearing Members or Clearing Clients
The document specifies reporting requirements for an AI’s default risk exposures to clearing members or clearing clients arising from offsetting or CCP-related transactions. It mandates that AIs report exposures in Parts IIIa, IIIb, or IIIc, while allowing certain exposures to be reported in Part IIIe if the CCP is a qualifying CCP and conditions under section 226ZA(6) are met. These rules apply to transactions cleared through both multi-level and non-multi-level client structures, covering scenarios where the AI acts as a clearing member, direct client, or indirect client.
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