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ISDA publishes EMIR classification letter 

July 15, 2015

Mike Fox, LeapRate

The ISDA EMIR Classification Letter allows counterparties to bilaterally communicate their status by answering a series of questions.

The International Swaps and Derivatives Association, Inc. (ISDA) has published a new classification letter that will enable counterparties to notify each other of their status for clearing and other regulatory requirements under the European Market Infrastructure Regulation (EMIR).

Financial and non-financial counterparties are subject to a variety of regulatory obligations under EMIR, but the extent of compliance depends on their categorization under the EMIR taxonomy. The classification also determines whether and when the EMIR clearing obligation applies.

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