The Reserve Financial institution of India (RBI) has pushed again the implementation of its preliminary margin necessities for non-cleared derivatives trades by almost 5 months, simply sooner or later earlier than the principles had been on account of come into drive.
Posting of preliminary margin was scheduled to start out on November 8. The delay comes amid business considerations in regards to the preparedness of custody preparations for preliminary margin collateral.
Smrithi Nair, a associate within the monetary companies crew at legislation agency Juris Corp, says market
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