On March 1, the European Commission (EC) adopted new rules in the form of a delegated regulation (Delegated Regulation) to impose clearing obligations on certain index credit default swaps (CDSs). The contracts captured by the Delegated Regulation include euro-denominated, untranched, five-year iTraxx Europe Main and iTraxx Europe Crossover index CDS, from version 17 onwards.
Continue Reading European Commission Adopts Delegated Regulation To Require Mandatory Clearing of Certain Credit Default Swaps