Margin Requirements for Non-Centrally Cleared Derivatives – Letter (2020)
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To: Banks, Foreign Bank Branches, Bank Holding Companies, Trust and Loan Companies, Life Insurance Companies, Property and Casualty Insurance Companies, Insurance Holding Companies
OSFI is issuing a revised version of Guideline E-22, which is effective immediately. The revisions consist of two changes: (1) a clarification on the treatment of securities issued by entities that receive capital support from the US government, and (2) the extension of the final implementation of the initial margin requirements by one year.
The extension of the final implementation of the initial margin requirements is in line with the internationally agreed upon one-year extension
Questions on the revised guideline should be sent to Patrick Tobin, Capital Specialist, Capital Division by email (Patrick.Tobin@osfi-bsif.gc.ca).