https://www.taxtmi.com/news?id=23110 Release of draft Variation Margin (Reserve Bank) Directions, 2020 proposes requiring the exchange of variation margin for non-centrally cleared derivatives (NCCDs) to implement G-20 recommendations and improve the safety of settlement for OTC derivatives. The Reserve Bank seeks feedback from banks, market participants and other interested parties by the specified deadline and provides channels for submission of comments as part of a consultative process prior to finalisation. en-us Mon, 07 Sep 2020 17:03:00 +0530 Mon, 07 Sep 2020 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23110 Release of draft Variation Margin (Reserve Bank) Directions, 2020 proposes requiring the exchange of variation margin for non-centrally cleared derivatives (NCCDs) to implement G-20 recommendations and improve the safety of settlement for OTC derivatives. The Reserve Bank seeks feedback from banks, market participants and other interested parties by the specified deadline and provides channels for submission of comments as part of a consultative process prior to finalisation. News - Mon, 07 Sep 2020 17:03:00 +0530 https://www.taxtmi.com/news?id=23110