Summary
The European Parliament has approved an increase in the clearing threshold for OTC commodity derivatives from €3 billion to €4 billion to help energy companies manage liquidity during market volatility. 9 24.11.2022
Other
energy
finance
economy
Key points
- The European Parliament has decided not to object to the new regulation regarding commodity derivative thresholds.
- The regulation increases the clearing threshold for OTC commodity derivative positions from €3 billion to €4 billion.
- This adjustment is a response to extreme market volatility and rising energy prices caused by Russia's aggression against Ukraine.
- The measure aims to alleviate liquidity pressure on energy companies caused by high margin calls.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 18 October 2022 amending the regulatory technical standards laid down in Delegated Regulation (EU) 149/2013 as regards the value of the clearing threshold for positions held in OTC commodity derivative contracts and other OTC derivative contracts
Non-objection to a delegated act: value of the clearing threshold for positions held in OTC commodity derivative contracts and other OTC derivative contracts
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.