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TMI BlogRBI releases Draft Variation Margin (Reserve Bank) Directions, 2020 under Section 45 W of the RBI Act, 1934X X X X Extracts X X X X X X X X Extracts X X X X ..... RBI releases Draft Variation Margin (Reserve Bank) Directions, 2020 under Section 45 W of the RBI Act, 1934 X X X X Extracts X X X X X X X X Extracts X X X X ..... ed Draft Variation Margin (Reserve Bank) Directions, 2020. Comments on the draft directions are invited from banks, market participants and other interested parties by October 15, 2020. Feedback on t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department 9th Floor, Central Office Building Shahid Bhagat Singh Marg, Fort ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mumbai - 400001 Or by email with subject line "Feedback on Draft Variation Margin (Reserve Bank) Directions, 2020". Background Reserve Bank of India in its Statement on Developmental and Regulator ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Policies dated February 6, 2020 announced that RBI will issue the directions regarding exchange of variation margin for non-centrally cleared derivatives (NCCDs), following the G-20 recommendations, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and with a view to improve safety of settlement of over-the-counter (OTC) derivatives that are not centrally cleared. Accordingly, a draft Variation Margin (Reserve Bank) Directions, 2020 is being i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssued for feedback.
(Yogesh Dayal)
Chief General Manager X X X X Extracts X X X X X X X X Extracts X X X X
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