This fact sheet explains the many different industry sectors who use derivatives to effectively manage their business and financial risk. Who Uses Derivatives - and Why? If you would like to find out more about the legal agreements used to document OTC derivatives transactions, come along to DeriviDoc courses as follows: The ISDA® Master Agreement Tuesday 11 July 2017 in Johannesburg Collateral and the CSA Master Agreements Wednesday 12 July 2017 in Johannesburg #derivatives

As European financial counterparties start gearing up for the 01 March 2017 deadline for posting Variation Margin, your institution may have received requests to sign-up to a new CSA, amend your current CSA to comply with the margin regulations, or sign-up to the Variation Margin Protocol. The Variation Margin Protocol is a questionnaire-style protocol where adhering parties have to complete a questionnaire, exchange questionnaires with each of their counterparties and then m

The Basle Committee on Banking Supervision (BCBS) and the International Organization of Securities Commission (IOSCO) have outlined the margin requirements for un-cleared OTC derivatives. These margin requirements are intended to be aligned globally and were due to be implemented by the industry’s largest participants by 1 September 2016. This deadline was met by the US and Japan; however the EU, Switzerland, South Africa and APAC countries have not yet published their finali

On 13th April 2016, ISDA® published the 2016 Credit Support Annex for Variation Margin, governed by New York law (“NY VM CSA”). This was followed on 29th April 2016 by the publication of the 2016 Credit Support Annex for Variation Margin, governed by English law (“Eng VM CSA”). More recently the Japanese law version of the VM CSA was also published. These new documents will enable participants in the un-cleared derivatives market to comply with new variation margining require