Category 3 Clearing is Coming

Category 3 Clearing
is Coming

Meeting regulatory requirements doesn’t have to be hard work. At Tradeweb, we help you to get ahead, giving you a single guide through the uncertain regulatory landscape. With the fast approaching mandates for trading cleared swaps for EMIR category 3 IRS and CDS instruments, we’ve got you covered.

Are You Ready?


Are you in scope?

    • arrow CDS (€1bn in gross notional value)
    • arrow IRS (€3bn in gross notional value)
      • Category 3 counterparties surpassing clearing thresholds on day EMIR Refit enters into force (17th June) or choose not to conduct calculations
      • 4 months phase in / OR: 18th October to start clearing derivatives entered into or novated more than 4 months following notification to ESMA and NCA (notification to be submitted on day Refit enters into force)

electronic trading is growing

Growing comfort with electronic trading extends to
non-mandated instrument.

DTO in €M
Source: Tradeweb
Includes € and £ swaps

Your important checklist

  • Onboard funds to CCPs and MTFs
  • Ensure MiFID II data complete
  • Connect pre- and post-trade integration to OMS & risk systems
  • Ready to trade under EMIR category 3

Watch on Demand

Understand the implications of the regulations with our bitesize webinars.


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