ISDA EMIR Classification Letter and accompanying Guidance Note

(updated April 13, 2016)

The ISDA EMIR Classification Letter is a form of letter that market participants may find useful as part of the management of their regulatory obligations under EMIR, the European Union regulation that deals mainly with: clearing over-the-counter derivatives; mitigation of risks associated with uncleared OTC derivatives; and reporting of derivatives transactions to trade repositories. The ISDA EMIR Classification Letter is a method of facilitating communication of classification status between counterparties to help ensure compliance with EMIR. By answering a series of questions in the Classification Letter, derivatives counterparties can classify themselves according to the EMIR taxonomy. Parts of the letter replicate elements of the classification tools that currently exist on ISDA Amend, an online service jointly developed by ISDA and Markit. The online service will be expanded to cover the new classifications. The bilateral version can be used by parties that do not subscribe to ISDA Amend.

Free downloads for ISDA EMIR Classification Letter and accompanying Guidance Note (6)