non- hedging definition
non- hedging means OTC derivatives contracts which are entered into by the non-financial counterparty or by other non-financial entities within the group to which the non-financial counterparty belongs, which are not objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of the non-financial counterparty or of that group. Further guidance on this is given in the relevant Regulatory Technical Standards - See Article 10 RTS 149/2013.