Variation Margin on Derivatives

On January 4, 2017, the International Swaps and Derivatives Association (ISDA) issued a confirmation letter related to its May 27, 2016, accounting committee whitepaper, “Accounting Impact of CCP’s Rulebook Changes to Financial Institutions and Corporates May 2016,” and the corresponding discussions held with the staff of the SEC’s Office of the Chief Accountant. The letter confirms that the staff does not object to the conclusions reached in ISDA’s whitepaper.
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