UMR and retirement of LIBOR are prompting the replacement of uncleared derivatives.

UMR Archives - Markets Media

The change gives FXall users streamlined clearing of NDF trades through LCH ForexClear.

Phase 5 of the uncleared margin rules (UMR) took effect from September 2021.

Phase 5 of the uncleared margin rules came into effect on 1 September.

Buy side will have more compliance obligations pertaining to uncleared margin rules.