ESMA_QA_1141
01/10/2016
Subject Matter
KIID Collateral management
Original question
Do the ESMA guidelines require that counterparty risk exposures be aggregated across both financial derivative instruments and efficient portfolio management techniques?
ESMA Answer
01-10-2016
Original language
[ESMA 34-43-392 UCITS Q&A, section 3, Q&A 6h]
Yes. According to paragraph 41 of the ESMA guidelines, both exposures should be combined when calculating the counterparty risk limits of Article 52 of the UCITS Directive.
Status: Answer Published
Additional Information
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
Topic
UCITS global exposure