FIA worked together with members and external counsel on drafting a number of industry standard documents to help firms comply with the indirect clearing requirements as set out in the MiFIR and EMIR RTS on indirect clearing arrangements. This document summarises the FIA indirect clearing documentation offering and the terms under which firms can access (i) Indirect clearing jurisdictional questionnaires, (ii) Indirect clearing CM risk disclosures, (iii) Indirect clearing DC risk disclosures and (iv) FIA Indirect Clearing Terms. Member firms can also benefit from supplementary analysis and guidance on longer chains, indirect clearing segregation requirements and analysis of top-up opinions for indirect clearing terms. A further overview of FIA indirect clearing documents is available here.
Disclaimer: FIA does not provide any guidance or legal advice as to how firms should comply with the indirect clearing requirements. Firms should seek their own legal advice if in doubt whether/which indirect clearing requirements apply to them and which documentation is relevant for them.
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