Non-financial counterparty: Difference between revisions
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imported>Doug Williamson (Simplify first paragraph.) |
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(NFC). | (NFC). | ||
A non-financial counterparty is a counterparty that does not fall under the financial counterparty banner, and is not a central counterparty (CCP) | A non-financial counterparty is a counterparty that does not fall under the financial counterparty banner, and is not a central counterparty (CCP) or a trade repository (TR). | ||
A NFC can be further classified as an NFC+ which is an NFC which exceeds the clearing thresholds set out under EMIR. | A NFC can be further classified as an NFC+ which is an NFC which exceeds the clearing thresholds set out under EMIR. | ||
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==See also== | ==See also== | ||
* [[Central counterparty]] | * [[Central counterparty]] | ||
* [[Financial counterparty]] | * [[Financial counterparty]] | ||
* [[EMIR]] | * [[EMIR]] | ||
Revision as of 08:37, 9 November 2018
Regulation - EMIR.
(NFC).
A non-financial counterparty is a counterparty that does not fall under the financial counterparty banner, and is not a central counterparty (CCP) or a trade repository (TR).
A NFC can be further classified as an NFC+ which is an NFC which exceeds the clearing thresholds set out under EMIR.
A NFC may be exempt under EMIR from central clearing and collateral requirements, depending on the numbers of derivatives transactions they have outstanding.
