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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.
| | ''IFRS 13''. |
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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: | | The probability-weighted average (ie arithmetic mean of the distribution) of possible future cash flows. |
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| • Central clearing and margining of standardised OTC derivatives (with certain exemptions for Non-Financial Counterparties)
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| • Reporting of all derivative transactions to a trade repository
| | ==See also== |
| | *[[Arithmetic mean]] |
| | *[[Cash flow]] |
| | *[[Expected value]] |
| | *[[Fair value]] |
| | *[[IFRS 13]] |
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| • Risk mitigation measures for all non cleared derivatives including collateral exchange and confirmation and reconciliation procedures
| | [[Category:Accounting,_tax_and_regulation]] |
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| == See also ==
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| * [[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 16:07, 13 August 2018
IFRS 13.
The probability-weighted average (ie arithmetic mean of the distribution) of possible future cash flows.
See also
