IIB keeps up the leading standards of financial transactions
In accordance with the rules of the European Market Infrastructure Regulation (EMIR) in order to meet the requirements of the technical standards as specified in the new regulation of the over-the-counter financial transaction in particular the transactions with derivates in Europe, the International Investment Bank has joined two Protocols which were worked out by the International Swap and Derivatives Association (ISDA):
- ISDA 2013 EMIR NFC Representation Protocol, which confirms the status of the financial participant/counterparty on the derivatives market
- ISDA 2013 EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocolwhich establishes a mechanism of the portfolio reconciliation and also provides the dispute resolution which may arise during the implementation of the transactions and the required disclosure of information.
Adherence to the
Protocol and Procedures of ISDA in the framework of EMIR means that the
International Investment Bank agrees and expresses readiness to base its work
on the principles and norms of the modern bank practices in the sphere of the
derivatives transactions.