Duck! Buy side plan to dodge IM rules could backfire

Hundreds of buy-side firms will try to avoid posting initial margin on non-cleared derivatives this year by doing the limbo.

An estimated 800 firms – most of them from the buy side – are set to become subject to margin rules for non-cleared derivatives in September. The sixth and final implementation phase will target firms with more than €8 billion in notional outstanding. This is down from a €50 billion threshold for phase five, which took place last year and swept more than 300 firms into