IM & SIMM should now be part of front office decision making, and long-term portfolio management. Our panel intends to discuss the extent to which initial margin should be part of all trading and portfolio decisions. For UMR firms who are above the average notional threshold but potentially beneath the 50mm IM threshold on a relationship, can scale down their compliance plans. But, knowing the amount of IM needs work and managing the IM amount isn’t simple.
A new podcast has arrived intending to cover all things to do with margin, entitled Margin Matters. The series has been specifically created to shine a light on critical areas and themes within the financial industry. The broadcast is hosted by Virginie O'Shea of Firebrand Research.
Shaun Murray of Margin Reform has written a Whitepaper on Money Market Funds (MMFs) and how clients can utilise them to satisfy their IM obligations.
Within it, he reviews potential issues, types of funds that can used (EU) and how some solutions can be accessed and are likely to operate on a day-to-day basis.
A short excerpt from the introduction:
We’ve created this handy chart to show the UMR Jurisdiction and the local jurisdiction updates.
Phases 5 & 6 have also been listed to give you a clearer view on the notional requirements of your AANA.
Download the chart as PDF using the link below.
For any queries surrounding Uncleared Margin Rules, we’re happy to help at Margin Reform.
On April 3, BCBS-IOSCO announced a one-year extension to the final implementation phases of the uncleared margin rules (UMR), citing the ongoing market disruption across the globe resulting from COVID-19. While the proposed new timeline still requires formal regulatory approval from local regulators, many have been quick to act already...
Quantile’s latest USD compression run eliminated over $7.2 trillion – a new record for Quantile and the largest single run at LCH SwapClear in the last 2 years, according to regulatory reporting.
Executed on Friday 17th April, the record-breaking run saw Quantile compress USD-denominated interest rate swaps with exceptional results.
As our clients and firms across the buy side begin to process the recent BCBS and IOSCO recommendation to delay by one year the implementation of phases 5 and 6 of the uncleared margin rules (UMR), we wanted to share why Cassini Systems supports this move.
Miriam Marascio joins CloudMargin to lead client services. Prior to this Miriam has been on client facing projects with Clearstream.