E.U. – ESMA MiFID Post-Trading FAQ

E.U. – ESMA MiFID Post-Trading FAQ

On 14 December 2017, ESMA updated FAQs on the segregation level for indirect clearing.

  • If clearing member default impermissible for CCP to liquidate all collateral recorded
    in all gross omnibus indirect client accounts together apply resulting sum collectively.
  • So as to cover the losses or enable the netting of positions across different accounts.