Margin requirements for derivatives – but which OTC’s will be affected?
The International Swaps and Derivatives Association Inc. (ISDA) indicated that South Africa has been in focus over recent months since the margin requirements for non-centrally cleared derivatives transactions were published for comment in June 2015. The aim of the requirements is to outline the future regulation of OTC derivatives in South Africa in line with South Africa’s G20 commitments.
Although the margin requirements have been published, the regulators in South Africa have not yet specified…