Central Bank confirms application of the recent ESMA statement on the Derivatives Trading Obligation (DTO)
MiFID Firms
Date:
04 April 2023
The Central Bank is today confirming that it will apply the recent ESMA statement on the Derivatives Trading Obligation (DTO) in the context of the migration of credit default swap contracts out of ICE Clear Europe.
The objective of this statement is to support the orderly migration of positions from ICE Clear Europe to other CCPs, following the announcement of the forthcoming closure of ICE Clear Europe’s credit default swap clearing service on 27 October 2023.