The obligation for central clearing of OTC derivatives under the European Market Infrastructure Regulation will apply from June 2016. A Delegated Regulation that imposes a mandatory clearing obligation for interest rate swap contracts entered into with any European counterparty has now finally been published. Market participants trading OTC IRS derivatives that are not centrally cleared should consider how they are categorised under this legislation and when they will need to implement central clearing.View full memo, EU Clearing Obligation for Interest Rate Swaps Set for June 2016
