Authors: Pauline Ashall, Jörg Fried, Deepak Sitlani, Marc Voelcker, Madeleine Wanner

Reminder: EMIR/UK EMIR annual calculations and EU IM model authorisation requirements

EMIR and UK EMIR require annual calculations in connection with the designation as a non-financial counterparty below the clearing threshold (NFC-) and a small financial counterparty.  These dates are upon us. Potentially in-scope parties also need to conduct annual AANA calculations. EU counterparties using an initial margin model to exchange IM must also prepare to meet new model authorisation requirements introduced by EMIR 3.