The Joint Committee of the European Supervisory Authorities has published final draft RTS on risk mitigation techniques for OTC derivative contracts not cleared by a CCP under Article 11(15) of EMIR. The final draft RTS: (i) prescribe that, for OTC derivatives not cleared by a CCP, counterparties must exchange both initial and variation margins; (ii) clarify issues relation to eligible collateral, including haircuts; (iii) set out the operational procedures related to the collateral exchange; and (iv) set out the procedures for counterparties and competent authorities related to the treatment of intra-group derivative contracts.