European Market Infrastructure Regulation
Central clearing of OTC derivatives
Sampension Livsforsikring A/S has signed a clearing broker agreement with Merrill Lynch International under which the latter conducts central clearing of Sampension Livsforsikring A/S’ IRS OTC derivatives.
For the purpose of determining when the clearing obligation for G4 IRS and Index CDS applies for Sampension Livsforsikring A/S, Sampension Livsforsikring A/S is a so-called Category 2 counterparty.
Furthermore Sampension Livsforsikring A/S is a pension scheme arrangement within the meaning of Article 2(10)(d) of EMIR. Sampension Livsforsikring A/S has been granted exemption from the clearing obligation by the Danish Financial Supervisory Authority.
Reporting
Please note that Sampension Livsforsikring A/S entered into delegated reporting agreements with all current counterparties.