FIA provides guidance on CCP bankruptcy remote status

31 October 2013

FIA has published guidance regarding the standards that need to be satisfied in order for a clearing member to conclude that the margin it posts to a clearinghouse is "bankruptcy remote" for purposes of the Basel III capital requirements.

The guidance was developed by FIA in consultation with the FIA Netting Committee and was provided as an advisory to banking regulators and clearinghouses in the U.S. It is intended to serve as a basis for discussions with clearinghouses on changes that could lead to a positive bankruptcy remoteness opinion.

  • FIA
  • Capital
  • Clearing