Introduction
| No: 42008998 | Date(g): 5/10/2020 | Date(h): 18/2/1442 |
Effective from 2020-10-05 - Oct 04 2020
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| 1. | The margin requirements are one of the agreed Group of Twenty (G20) reforms to reduce the systemic risk from OTC derivatives. | |
| 2. | These requirements are issued in accordance with the authority vested in SAMA under the Charter –issued via Royal Decree No. 23 dated 23/5/1377 H, and the Banking Control Law – issued via Royal Decree No. M/5 dated 22/2/1386 H. | |
| 3. | These requirements supersede SAMA circulars No. 341000134328 dated 25/11/1434 H, 371000101114 dated 15/9/1437 H, and 51226/67 dated 16/8/1440 H. | |