The Dodd-Frank Act in the US and the EMIR Directive in Europe have mandated the requirement for Interest Rate Swaps to be cleared at Clearing Houses. One of the most significant differences in market practices from this change is the requirement to post collateral to meet the Initial Margin requirement.
“Initial Margin for Cleared Swaps” was presented at the Marcus Evans Central Counterparty Clearing Workshop, London, Feb 6th-7th, 2013.
