Discussion paper - Calculation of counterparty risk by UCITS for OTC financial derivative transactions subject to clearing obligations
Responding to this paperESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they:
respond to the question stated
indicate the specific question to which the comment relates;
contain a clear rationale; and
describe any alternatives
ESMA will consider all comments received by 22 October 2014.All contributions should be submitted online at www.esma.europa.eu under the heading ‘Consultations’. Contributors should identify themselves and indicate the industry sector in which they operate or in which they are interested and the extent to which that sector is already subject to regulation at a national level.Contributors are also asked to consider the costs or benefits attached to the various options and quantify these costs to the extent possible.Publication of responsesAll contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publically disclosed, and tick the box "I do not wish to have my response published on the ESMA website" at the bottom of the reply form. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response, is reviewable by ESMA’s Board of Appeal and the European Ombudsman.Data protectionInformation on data protection can be found at www.esma.europa.eu under the heading ‘Disclaimer’.Who should read this paper?This paper should be read by managers of UCITS, clearing members, depositaries of UCITS, clients of clearing members and central counterparties.