Summary of Fossil Evidence. Fossils are evidence of organisms that have existed. The fossils may consist of clues about the organism, such as its tracks or feces, or they may be a part of the organism, such as a bone or other body part.
A: A non-centrally cleared derivative is a bilateral derivative transaction that is not cleared by a central counterparty. This does not include any exchange traded derivatives, securities financing transactions, or derivatives that are cleared indirectly through a clearing member on behalf of a non-member client.
Non-financial counterparties (NFCs) EMIR sets obligations and requirements applicable to both financial and non-financial counterparties (NFC) that enter into derivative contracts. If you are a NFC and enter into derivative contracts, EMIR does apply to you. However, some NFCs may benefit from some exemptions and some obligations and requirements may not apply to all NFCs.