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01 July 2014

AIMA launches OTC derivatives clearing guidelines


The Alternative Investment Management Association, the global hedge fund industry association, has launched OTC derivatives clearing guidelines for asset managers.

AIMA’s Guide to Sound Practices for OTC Derivatives Clearing provides guidance on the new regulatory framework in the US and European Union, which affects most OTC derivatives transactions cleared globally. The Guide to Sound Practices is supplemented by a Due Diligence Questionnaire for Clearing Members, which is intended to help asset managers during the process of evaluating different clearing members and clearing houses.

Jack Inglis, AIMA CEO, said: “These guidelines are unprecedented in detail and scope. We hope they are of use to our member firms as they set out to navigate the increasingly complex legal and operational requirements introduced under the post-crisis OTC derivatives clearing reforms. This initiative underlines our shared commitment to central clearing, which reduces counterparty credit risk and systemic risk, and to the role that we all can play in helping to ensure the smooth and timely implementation of these important regulatory reforms.”

Full press release

Full Guidelines (registered AIMA members only)

 



© AIMA - Alternative Investment Management Association


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