Transcription of Supervisory Policy Manual - Hong Kong dollar
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Supervisory Policy Manual - Hong Kong dollar
Supervisory Policy Manual CR-G-14 Non-centrally Cleared OTC derivatives Transactions Margin and Other Risk Mitigation Standards 1 This module should be read in conjunction with the Introduction and Glossary. The Glossary contains an explanation of abbreviations and other terms used in this Manual . If reading on-line, click on blue underlined headings to activate hyperlinks to the relevant module. Purpose To set out minimum standards that the HKMA expects AIs to adopt in relation to margin and other risk mitigation techniques for non-centrally cleared over-the-counter (OTC) derivatives transactions. Classification A statutory guideline issued by the MA under 7(3) of the Banking Ordinance. Previous guidelines superseded This is a new guideline. Application To all AIs. Structure 1. Introduction Terminology Background Objectives Legal framework and responsibilities 2.
standards for non-centrally cleared OTC derivatives transactions. 1.3 Objectives 1.3.1 As noted above, one of the key components of the G20 reform programme has been to encourage the central clearing of standardised OTC derivatives. However, a 7 The updated BCBS/IOSCO document issued in April 2020 can be found at:
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