The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA), acting with the concurrence of the South African Reserve Bank, recently published a Joint Standard which prescribes margin requirements for non-centrally cleared OTC derivative transactions.
The Joint Standard applies to a provider entering into non-centrally cleared OTC derivative transactions with a counterparty or a foreign counterparty.
Click here to download the Joint Standard that focuses on the application and exclusions.
