Discussion paper - Calculation of counterparty risk by UCITS for OTC financial derivative transactions subject to clearing obligations

Discussion paper - Calculation of counterparty risk by UCITS for OTC financial derivative transactions subject to clearing obligations

from 22 July 2014 to 22 October 2014

Details

 
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.

1 RELATED DOCUMENTS
Document available for this Consultation
DateReferenceTitleDocument
22/07/20142014/876Discussion paper - Calculation of counterparty risk by UCITS for OTC financial derivative transactions subject to clearing obligations

Responses

Operations
Activity Institution Download
Eversheds LLP
Asset Management Investment Management Association
Asset Management Union Asset Management Holding AG
Asset Management Robeco
Asset Management BVI
Asset Management ICI Global
Asset Management BlackRock
Asset Management Amundi
Asset Management European Fund and Asset Management Association (EFAMA)
Asset Management Securities Industry and Financial Markets Association
Asset Management AFG (Association Française de la Gestion financière)
Asset Management AFG (Association Française de la Gestion financière)
Asset Management Depositary and Trustee Association
Banking The International Swaps and Derivatives Association (ISDA)
Banking Deutsche Bank AG
Investment Services State Street Corporation
Others Eurex Clearing AG
Others LCH.Clearnet Group
Others European Association of CCP Clearing Houses (EACH)
Others Danish Shareholders Association
Insurance, pension & asset management Association of the Luxembourg Fund Industry (ALFI)