Non-financial counterparty: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Create the page: Source related page)
 
imported>Doug Williamson
(Add link.)
 
(4 intermediate revisions by the same user not shown)
Line 3: Line 3:
(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), central clearing party (CCP), or a trade repository (TR).  
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.
Line 12: Line 12:
==See also==
==See also==
* [[Central counterparty]]
* [[Central counterparty]]
* [[Central clearing party]]
* [[Counterparty]]
* [[EMIR]]
* [[Financial]]
* [[Financial counterparty]]
* [[Financial counterparty]]
* [[EMIR]]
* [[NFC+]]
* [[NFC+]]
* [[NFC-]]
* [[NFC-]]
* [[Non-financial corporate]]
* [[Trade repository]]
* [[Trade repository]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 22:47, 11 March 2023

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.


See also