Asia Broadband Inc (AABB)

[Bizdevguy]

As of September 1, 2022, regulatory initial margin (IM) requirements will apply for the first time to hundreds of global counterparties that belong to a consolidated group for which the average aggregate notional amount (AANA) of derivatives transactions exceeds €8 billion, or a similar amount in local currency. This compliance date is commonly referred to as ‘Phase 6’, since it is the sixth global compliance date for the phase-in of regulatory IM requirements since September 1, 2016.

ISDA estimates that more than 775 counterparties with an excess of 5,400 relationships may become subject to regulatory IM requirements in Phase 6. More than 800 of those relationships may need to exchange IM in the near-term following September 1, and therefore should be actively preparing at this stage.

including margin calculation, margin call communication, allocation, and affirmation, collateral settlement and reporting