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What currency is used for margining after the introduction of the Euro?

April 26, 2017currency Euro introduction margining Used

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What currency is used for margining after the introduction of the Euro?

1 Answer

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10 Posted

J.P. Morgan will be adhering to Article 235 of the Maastricht Treaty “no compulsion no prohibition”; therefore a client may continue to pay in a legacy currency or Euro. However exchanges will only be calling margin in Euro (except the London Clearing House).