Amir requires any party to the OTC financial derivatives contract to conduct portfolio reconciliation with the counterparty. The details of this procedure have been explained in our supplementary terms, please refer to it.

EMIR is the abbreviation of "European market infrastructure supervision", and its Chinese name is "European market infrastructure supervision rules";

The full name of OTC is "OTC", which means "OTC", contrary to the exchange.

Derivatives refer to "financial derivatives", such as "futures, options and forwards";

Clear means "clearing and settlement" in the financial field, for example, clear house is "clearing house";

The central counterparty means "the same counterparty" and "the central counterparty", which refers to the institution that connects the buyer and the seller in the settlement process, and is the "seller of the buyer" and "the buyer of the seller".