The aim of the RTS is to increase the safety of the EU over-the counter ("OTC") derivatives market. The draft RTS: (i) provide that counterparties must exchange both initial and variation markets for OTC derivatives not cleared by a Central Counterparty; (ii) include the list of eligible collateral for the exchange of margins, methods to determine appropriate collateral haircuts, and criteria to ensure the collateral is sufficiently diversified; (iii) include operational procedures with regard to documents, legal analysis of enforceability of the agreements, and the timing for collateral exchange; and (iv) include procedures for counterparties and competent authorities with regard to intragroup derivative contracts.