Uncleared Swap Margin March 1 Variation Margin Requirements
The SIFMA Asset Management Group (SIFMA AMG) and the Investment Adviser Association (IAA) submitted a follow-up letter regarding its request for a transitional period for variation margin implementation. The letter provides additional information in support of AMG’s December 16, 2016 letter requesting six-month transitional relief from the March 1 variation margin requirements and additional transitional relief for foreign exchange (FX) clients.
This letter was submitted to:
- Board of Governors of the Federal Reserve System
- Commodity Futures Trading Commission
- European Banking Authority
- European Commission
- European Insurance and Occupational Pensions Authority
- European Securities and Markets Authority
- Farm Credit Administration
- Federal Deposit Insurance Corporation
- Federal Housing Finance Agency
- Japan Financial Services Agency
- Office of the Comptroller of the Currency
- UK Financial Conduct Authority