As previously noted in this publication, on January 3, 2018, physically settled foreign exchange forward transactions (FX Forwards) are scheduled to become subject to the variation margin requirements set out in Commission Delegated Regulation (EU) 2016/2251 of October 4, 2016 (EU Margin Regulation) that apply generally to OTC derivatives.
Continue Reading ESAs Announce Urgent Review of Variation Margin Rules Applicable to Physically Settled FX Beginning January 3, 2018