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New margin rules coming for uncleared OTC derivatives

Move is part of global reforms and will reduce counterparty risk: MAS

Published Thu, Oct 1, 2015 · 09:50 PM

Singapore

THE Monetary Authority of Singapore (MAS) said on Thursday that it plans to impose new margin rules for "uncleared" over-the-counter (OTC) derivatives, in a bid to reduce the build-up of systemic risk arising from such instruments.

This will be done in phases beginning with the banks, it said.

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