ISDA Amendment Agreement for Hong Kong SFC Risk Mitigation Requirements on Non-centrally Cleared OTC Derivatives

On 1 September 2019, risk mitigation requirements for non-centrally cleared OTC derivatives imposed by the Securities and Futures Commission (SFC) on licensed corporations (LCs) have become effective. The International Swaps and Derivatives Association, Inc. (ISDA) has published a bilateral amendment agreement which industry participants can use to amend their “Covered Master Agreements”. Read more on the SFC’s risk mitigation requirements and ISDA’s amendment agreement.