Buy-Side Swap Counterparties Have New Rights
Law360, New York ( June 26, 2014, 3:50 PM EDT) -- Buy-side swap counterparties are beginning to receive notices from their swap dealers of the right to have their initial margin for uncleared swaps (swaps that are not cleared through a clearinghouse) segregated and held in a separate account with an independent third-party custodian. Failure to respond to these segregation rights notices may result in swap dealers ceasing or delaying trading uncleared swaps with the buy-side entity....
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