{"id":165771,"date":"2022-05-06T15:48:17","date_gmt":"2022-05-06T15:48:17","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/non-financial-counterparty-nfc\/"},"modified":"2022-05-06T15:48:19","modified_gmt":"2022-05-06T15:48:19","slug":"non-financial-counterparty-nfc","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/non-financial-counterparty-nfc\/","title":{"rendered":"Non-Financial Counterparty (NFC) +\/-"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>Under EMIR client classification, non-financial counterparties are separated into two categories: 1) NFC+ is an NFC that has outstanding derivative transactions with a gross notional value which exceeds EUR 1 billion for credit and equity derivatives or EUR 3 billion for rates, FX and commodity transactions. An NFC+ will be subject to the same EMIR obligations as a financial counterparty (FC). 2) NFC- is an NFC that has not breached the above thresholds. An NFC- will be exempt from clearing and margining EMIR obligations, but will still be required to comply with transaction reporting, timely confirmations and portfolio compression and reconciliation.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4256],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/165771"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/knowledge_item"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=165771"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=165771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}