Authored by:Huang Ling, Minny Siu, Chin-Chong Liew, Andrew Fei, Ying Zhou, Wang Xinghua (Owen), Xu Jiaxing (Jason), Liu Ning and Fang wei
China’s variation margin (“VM”) requirement will take effect on 1 September 2026 – less than nine months away.
To comply with the VM requirement under China’s Uncleared Margin Rules (“China UMR”), in-scope financial institutions must enter into VM documents with their counterparties (see our earlier article on China UMR).