EU - The Clearing and Margin Rules May Also Apply to ….

Interest rate swaps and credit default swaps are going to be the first instruments to fall under the clearing and margin obligations.

This article in RBS Insight shows that "who needs to clear what by whom", and other issues, must not necessarily be clear.

However,

companies using OTC derivatives face a testing time as new rules designed to improve transparency and reduce risk come into focus this year

IMO, it is not only to understand the impact of … on cash flows but how to manage  the data and valuation management requirements. It's not just buying a big system ….?