India delays IM go-live date
RBI communicated putting off initial margin rules one day before planned November 8 implementation
The Reserve Bank of India (RBI) has pushed back the implementation of its initial margin requirements for non-cleared derivatives trades by nearly five months, just one day before the rules were due to come into force.
Posting of initial margin was scheduled to start on November 8. The delay comes amid industry concerns about the preparedness of custody arrangements for initial margin collateral.
Smrithi Nair, a partner in the financial services team at law firm Juris Corp, says market
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