(Article 10(4)(b) of Regulation (EU) No 648/2012)
Clearing thresholds
The clearing thresholds values for the purpose of the clearing obligation shall be:
(a)
EUR 1 billion in gross notional value for OTC credit derivative contracts;
(b)
EUR 1 billion in gross notional value for OTC equity derivative contracts;
(c)
EUR 3 billion in gross notional value for OTC interest rate derivative contracts;
(d)
EUR 3 billion in gross notional value for OTC foreign exchange derivative contracts;
(e)
EUR 3 billion in gross notional value for OTC commodity derivative contracts and other OTC derivative contracts not provided for under points (a) to (d).