Repositories
Central Clearing Requirements
Central Clearing Requirements Information Repository
Interest Rate Swaps (South Africa-Financial Sector Conduct Authority)
(Last Updated: 20 November 2020)
(Last Update: 20 November 2020) | |
Authority: | South Africa-Financial Sector Conduct Authority |
Jurisdiction: | South Africa |
Product features | |
Product type: | |
Currency: | |
Index: | |
Product Tenor: | |
Optionality: | |
Single Or Dual Currency: | |
Conditional Notional Amount: | |
Other Product Characteristics: | |
Eligible CCPs | |
Eligible CCPs: | |
Where any of the eligible CCPs listed in the preceding column are not authorised to provide clearing services to all the products in this row, details of these limitations: | |
Exemptions (Note: The application of the exemptions below may be subject to conditions and restrictions. Please see the relevant notes for details.) | |
End-users/ non-financial entities exemption: | |
Affiliated entities / group entities exemption: | |
Pre-existing transactions exemption: | |
Other exemptions, if any: | |
Effective Date: | Central clearing is not mandatory for all asset classes |
Reference: |
Financial Markets Act regulations include provisions for central clearing determination http://www.treasury.gov.za/otc/41433_9-2_NationalRegulation_DS.pdf
There is no platform trading for OTC derivatives transactions - but the legislative framework exists in terms of the Financial Markets Act, however no determination has been made for OTC derivatives platform trading. View Note |
Last Update of the Regime: | 20 September 2018 |