Price changes anticipated as uncleared margin rules bite

Panellists urge buy side to install lifecycle management tools to calculate margin and reconcile payments with brokers

New regime: uncleared margin rules are due to come into force next year

There is currently little difference in pricing for bilaterally traded foreign exchange over-the-counter products versus those centrally cleared, but that is expected to change in the medium- to long term with uncleared margin rules (UMR) beginning to bite next year, according to market participants.

Christoph Hock, head of multi-asset trading at Union Investment, said FX forwards might become more expensive, while FX futures or centrally cleared forward products would be expected to become

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