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imported>Martin ODonovan |
imported>Doug Williamson |
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| European Market Infrastructure Regulation<ref>http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF</ref> (EMIR) came into force as binding law within the European Union on 16th August 2012, although certain of its requirements came into force after a period of delay.
| | The probability-weighted average (ie arithmetic mean of the distribution) of possible future cash flows. |
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| The objective of EMIR is to reduce the risks posed to financial systems from the vast web of [[Over the counter]] (OTC) derivative transactions and the contingent large credit exposures that may arise as a consequence. The Regulation achieves this object by three significant requirements for:
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| • Central clearing and margining of standardised OTC derivatives (with certain exemptions for Non-Financial Counterparties)
| | ==See also== |
| | | *[[IFRS 13]] |
| • Reporting of all derivative transactions to a trade repository
| | *[[Fair value]] |
| | | *[[Cash flow]] |
| • Risk mitigation measures for all non cleared derivatives including collateral exchange and confirmation and reconciliation procedures
| | *[[Expected value]] |
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| == See also == | |
| * [[ESMA]] | |
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| ==External links==
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| ACT briefing note: European regulation of OTC derivatives: Implications for non-financial companies http://www.treasurers.org/otc
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| ==References==
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| <references />
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Revision as of 17:42, 26 July 2015
The probability-weighted average (ie arithmetic mean of the distribution) of possible future cash flows.
See also