European Market Infrastructure Regulation

Central clearing of OTC derivatives

The Pension Fund for Technicians- and Bachelor of Engineering (ISP Pension) has signed a clearing broker agreement with Merrill Lynch International under which the latter conducts central clearing of ISP Pensions IRS OTC derivatives.

For the purpose of determining when the clearing obligation for G4 IRS and Index CDS applies for ISP Pension, ISP Pension is a so-called Category 3 counterparty.

Furthermore ISP Pension is a pension scheme arrangement within the meaning of Article 2(10)(d) of EMIR. ISP Pension has been granted exemption from the clearing obligation by the Danish Financial Supervisory Authority.

Reporting

Please note that ISP Pension entered into delegated reporting agreements with all current counterparties.

Contact in respect of EMIR reporting: backoffice@sampension.dk

Portfolio Reconciliation and Dispute Resolution

ISP Pension has adhered to the ISDA 2013 EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol.

ISP Pension has adhered to the protocol as a Portfolio Data Receiving Party.

Contact in respect of portfolio data, discrepancy notices and dispute notices: backoffice@sampension.dk