Примери за използване на Clearing obligation на Английски и техните преводи на Български
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Financial counterparties that are subject to the clearing obligation.
Suspension of clearing obligation in situations other than resolution.
ESMA will be responsible for the identification of contracts that will be subject to the clearing obligation, i.e.
The date from which the clearing obligation applies, including any phase-in;
Clearing obligation applies to transactions with standardized OTC derivatives.
Хората също превеждат
(10) It should be possible to suspend the clearing obligation in certain situations.
Clearing obligation concerning the first derivatives instruments is expected to come into force in 2014 or 2015.
Due to the lower volumes of derivative contracts concluded by small PSAs,it is to be expected that they will not exceed the thresholds triggering the clearing obligation.
The clearing obligation applies to financial counterparties and to non-financial counterparties exceeding the so-called clearing threshold.
For the purposes of the first subparagraph, the Commission shall notify ESMA and inform the European Parliament andthe Council of its intention to extend a suspension of the clearing obligation.
MEPs have decided that the clearing obligation will only be mandatory from the moment the regulation enters into force and will not be applied retroactively.
(a) submit a proposal for a binding solution, other than permanent orfurther temporary exemptions of PSAs from the clearing obligation, if it considers that no solution has been found by stakeholders; or.
(b) become subject to the clearing obligation for future contracts in accordance with Article 4 if the rolling average position over 30 working days exceeds the threshold; and.
This is similar to exemptions in other rules on financial markets,e.g. exemption from the clearing obligation for non-financial counterparties under EMIR, or those applying in commodity derivatives.
Regarding the clearing obligation, however, there are exceptions which are clearly described- pension funds for example, which are subject to a special regime, provided that national governments require appropriate guarantees.
(8) The requirement to clear certain OTC derivative contracts concluded before the clearing obligation takes effect creates legal uncertainty and operational complications for limited benefits.
(24a) Small PSAs, in addition to those classified as small financial counterparties, do not present the same risks as larger PSAs andit is appropriate to allow them a longer exemption from the clearing obligation.
Finally, the suspension of a clearing obligation should also be possible where that is deemed necessary to avoid a serious threat to financial stability in the Union.
The expansion in CCP activity is set to continue in the coming years with the introduction of additional clearing obligations and the rise in voluntary clearing by counterparties not subject to a clearing obligation.
Regarding the clearing obligation, however, there are exceptions which are clearly described- pension funds for example, which are subject to a special regime, provided that national governments require appropriate guarantees.
However a phasing-in period of 42 months is provided for the application of the clearing obligation and the margining requirements set out in Regulation(EU) No 648/2012 of the European Parliament and of the Council(10).
The scope of the clearing obligation for non-financial counterparties should therefore be narrowed, so thatthose non-financial counterparties are subject to the clearing obligation only with regard to the asset class or asset classes that exceed the clearing threshold▌.
Those non-financial counterparties should be subject to the clearing obligation only with regard to the▌ classes of OTC derivatives that exceed the clearing threshold.
By 1 January 2018, the Commission should prepare a report assessing the potential impact on energy prices andthe functioning of the energy market of the expiry of the transitional period provided for the application of the clearing obligation and the margining requirements set out in Regulation(EU) No 648/2012.
It shall also assess to what extent any exemption from the clearing obligation for such services discourages central clearing andmay lead to counterparties circumventing the clearing obligation.
The expansion in CCP activity, especially in the context of OTC equity derivatives and currency derivatives as asset classes in the original scope,is set to continue in the coming years with the introduction of additional clearing obligations and the rise in voluntary clearing by counterparties not subject to a clearing obligation.
It is therefore necessary that the technical standards specifying the clearing obligation developed by ESMA in accordance with Article 5(2)(b) of Regulation(EU)No 648/2012 take that into account and do not impose a clearing obligation on derivative contracts which would subsequently be subject to the transitional exemption for C6 energy derivative contracts.
For financial counterparties in Category 3 and for transactions referred to in paragraphs 2 and 3 of Article 3 of this Regulation concluded between financial counterparties, the minimum remaining maturity referred to in point(ii) of Article 4(1)(b) of Regulation(EU) No 648/2012,at the date the clearing obligation takes effect, shall be 5 years and 3 months.'.
Those counterparties, commonly referred to as small financial counterparties(SFCs),should be exempted from the clearing obligation while remaining subject to the requirement to exchange collateral to mitigate any systemic risk.
Those counterparties, commonly referred to as small financial counterparties,should be exempted from the clearing obligation, but they should remain subject to the requirement to exchange collateral to mitigate any systemic risk.