Over-The-Counter derivative often just OTC derivative (also said in German)

A derivative that is not traded on an exchange or other trading platform, but is traded individually between buyer and seller. Intermediaries are often involved in this process. OTC derivatives trading therefore also took place outside the control of supervisory authorities. The European Market Infrastructure Regulation (EMIR), which came into force in August 2012, introduced a reporting requirement for such transactions. – See derivatives transactions clearing obligation, derivatives transactions reporting obligation, counterparty, central, option, commercial, options, tradable, warrants, over-the-counter option, European Market Infrastructure Regulation, certificate tailor. – Cf. ECB Annual Report 2012, p. 145.
(Legal developments; oversight issues), BaFin Annual Report 2013, p. 75 (new legal framework for the collateralization of non-centrally cleared transactions is presented) p. 163 (new requirements for OTC derivatives transactions as a result of the amended Derivatives Ordinance) and the respective ECB Annual Report, chapter “Oversight of payment systems and market infrastructures”).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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