Knowledge Base

Questions

What threshold must be exceeded by a non-financial counterparty (NFC) to be classified as NFC+ under EMIR Refit?

500 million euros

1 billion euros for credit and equity derivatives

2 billion euros for all types of derivatives

4 billion euros for interest rate derivatives

What is the minimum number of transactions that counterparties exceeding a notional volume of 6 billion euros must clear in their EU active account under EMIR 3.0?

3 transactions per class

5 transactions per class

7 transactions per class

10 transactions per class

What is the maximum deadline for reporting a transaction under EMIR?

T+2

T+1

T-1

T+7

What are the main objectives of the EMIR regulation, according to Article 1?

Reduce systemic risk and improve transparency of the OTC derivatives market

Mitigate counterparty credit risk and reduce operational risk

Improve liquidity of equity and bond markets

Strictly regulate financial leasing operations

True or False: Total Return Swaps are subject to reporting obligations under SFTR only.

True

False

True or False: Intra-group transactions are always exempt from the central clearing obligation under EMIR.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Reporting of OTC derivative transactions

Repos

Central clearing of interest rate swaps

Collateral re-use

Categories:

EMIR

SFTR

Main obligation introduced by EMIR 3.0 concerning euro-denominated derivatives?

Click to see answer