EMIR

Exemption from collateralisation

of intragroup OTC derivatives transactions

Information according to Art. 11 para. 14 lit. d EMIR with Art. 20 Delegated Regulation (EU) Delegated Regulation (EU) 149/2013

Regulation (EU) No. 648/2012 ("EMIR") imposes an obligation on certain counterparties to collateralise OTC derivative transactions not cleared through central counterparties. However, it is possible to exempt intragroup transactions from this obligation. If such an exemption is approved by the competent supervisory authorities, information on the exemption of intragroup transactions pursuant to Art. 11 para. 14 lit. d EMIR in connection with Art. 20 Delegated Regulation (EU) must be published.

The following group companies were granted a full (1) exemption by the competent authorities:
VP Bank AG (LEI: MI3TLH1I0D58ORE24Q14) by the  FMA - Financial Market Authority Liechtenstein - and VP Bank (Luxembourg) SA (LEI: 549300FKMQ4CQTPLCI28) by the CSSF - Financial Sector Supervisory Commission.

Intragroup counterparty

Country

LEI (Legal Entity Identifier)

Relationship with intragroup counterparty

Category of derivative

Yearly exempt gross notional amount in EUR

Validity

VP Bank
(Luxembourg) SA

Luxemburg

549300FKMQ4CQTPLCI28

Belongs to the

same consolidated group

Currency

8'862'500'000

n.a.

 

 

 

 

Commodity

15'000'000

n.a.

VP Bank (Schweiz) AG

Switzerland

54930066YZFYEEPGIP56

Belongs to the

same consolidated group

Currency

2'380'000'000

30.06.2025

 

 

 

 

Commodity

285'000'000

30.06.2025

VP Bank (BVI) Ltd

BVI

5493006RC8WBL0CUBE87

Belongs to the

same consolidated group

Currency

30'000'000

30.06.2025

 

 

 

 

Commodity

15'000'000

30.06.2025

(1) A full exemption of intragroup transactions from the collateralisation obligation includes both the exchange of variation margin and the exchange of initial margin.

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