Where a counterparty is domiciled in a third country, counterparties may calculate margins on the basis of a netting set that includes the following types of contracts:
non-centrally cleared OTC derivatives subject to margin requirements under this Regulation;
contracts that meet both of the following conditions:
they are identified as non-centrally cleared OTC derivatives by the regulatory regime applicable to the counterparty domiciled in the third country;
they are subject to margin rules in the regulatory regime applicable to the counterparty domiciled in the third country.