Isda Timely Confirmation Amendment Agreement

For media inquiries, please contact: Rebecca O`Neill, ISDA London, +44 203 088 3586, roneill@isda.org Lauren Dobbs, ISDA New York, +1 212 901 6019, ldobbs@isda.org Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org The Timely Confirmation Amendment Agreement is a form of agreement used by market participants as part of their toolkit to comply with EMIR`s obligation to confirm the terms of a timely confirmation of a otc derivative contract not compensated. can be used. The International Swaps and Derivatives Association, Inc. (ISDA) has published its March 2013 EMIR Non-Financial Counterparty Representation (NFC) Protocol and a timely confirmation amendment agreement. ISDA`s March 2013 EMIR NFC representation protocol aims to allow swap participants to amend several ISDA framework agreements at the same time to ensure compliance with certain knowledge requirements of your counterparty of Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR) and the regulatory technical standards set out therein. The documents shall be accompanied by a list of Parties adhering to the Protocol, frequently asked questions on the Protocol and a justification for the timely confirmation of the text. “EMIR imposes a number of new regulatory obligations on otc derivatives market participants,” said Robert Pickel, President and CEO of ISDA. “As we begin to implement EMIR, the March 2013 ISDA NFC representation protocol and the timely confirmation amendment agreement are the first in a series of tools that ISDA aims to make available to market participants to facilitate their compliance with EMIR.” The NFC isda representation protocol of March 2013 aims to allow swap participants to simultaneously amend several ISDA framework agreements in order to facilitate compliance with certain knowledge requirements of your counterparty of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (EMIR) and regulatory technical standards established on that basis. LONDON, March 8, 2013 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced the introduction of the March 2013 EMIR Non-Financial Counterparty Representation (NFC) Protocol and a timely confirmation amendment agreement. Your email address will not be published. Mandatory fields are marked * ISDA publishes emir for the representation of non-financial counterparties and the confirmation amendment agreement in a timely manner The classification of parties and their counterparties determines the use of certain risk mitigation techniques required by emirr and specified in regulatory technical standards published by the European Commission and, in the future, under the obligation to compensate. The log is open until isda sets an end date.

Compliance with certain EMIR requirements for which the Protocol may be relevant is required by 15 March 2013. You can use these HTML tags and attributes: