Oslo Børs Adds EuroCCP
Oslo Børs will add EuroCCP as a third central counterparty, offering clearing services for trades executed on Oslo Børs.
As of 14 May testing of EuroCCP clearing services is available for customers in Oslo Børs CDS environment. Exchange member firms wishing to test EuroCCP’s clearing model for Oslo Børs, needs to liaise with their clearing participant / EuroCCP directly and Oslo Børs’ enablement team in order to configure the clearing set-up in Oslo Børs’ CDS environment.
A list of ISIN codes will be agreed bilaterally between EuroCCP the exchange member for testing purposes, to ensure a smooth and successful test.
The new test opportunity has no technical impacts for participants not initiating testing of EuroCCP’s clearing model.
We will announce more details about the technical launch of EuroCCP in Oslo Børs production environment in due course.
Source: Oslo Børs
Phase 5 of the uncleared margin rules (UMR) took effect from September 2021.
Temporary equivalence is set to expire on June 30 2022.
IRS trading volumes have fragmented without an equivalence agreement.
Phase 5 of the uncleared margin rules came into effect on 1 September.
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