Dealers crack down on clients with dual netting sets
April 18, 2017

“A certain number of our clients were told by banks that they can’t accommodate dual netting sets, and that the client must have its entire pre-existing portfolio under a margin-compliant netting set in order to continue trading,” says Chris Bender, director of regulatory advisory in the global regulatory solutions team at Chatham Financial in Pennsylvania. “Other banks say they can only do it in exceptional circumstances, because it essentially doubles the operational burden for them – two margin calls and exchanging margin under two netting sets.”

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