Articles
ISDA has published the ISDA SIMM™ Methodology, version 2.2, with an Effective Date of December 1, 2019. This version of SIMM includes updates based on the full recalibration and industry backtesting of the methodology. It also includes additional granularity for the FX asset class, the removal of curvature margin from equity volatility indexes and an alteration to allow for annual calibration of credit non-qualifying intra-bucket correlations.
In a recent report, Uncleared Margin Rules and the Rise of Initial Margin Optimization, Aite Group senior analyst Audrey Blater discusses an array of solutions offered to both the buy-side and sell-side to combat rising margin fees.
UMR will bring new indirect costs to uncleared OTC portfolios. These costs for protecting the world against systemic risk will be paid by the firms in waves 1 to 5 of UMR.
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If you trade bilateral OTC derivatives then you probably know by now that the Uncleared Margin Rules (UMR) are rapidly approaching and will require significant changes to your trading, book management and collateral management processes.
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The OTC Space is pleased to invite you to the Model Risk Management Forum on 19-20 September in London. Get to grips with the best practices and emerging innovations of model risk management and governance, and get a 15% discount on tickets as a guest of The OTC Space.
...well soon you can:
The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) today have announced the signing of a new initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs). The initiative has been created to help improve transparency of exposure by linking the issuer and issuance of securities.
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The OTC Space is pleased to invite you to the Model Risk Management Forum on 19-20 September in London. Get to grips with the best practices and emerging innovations of model risk management and governance, and get a 15% discount on tickets as a guest of The OTC Space.
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Join this webinar Tuesday 24 April where we’ll discuss how triCalculate can provide your SIMM™ sensitivities quickly, easily and cost-effectively.
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Join The OTC Space, Razor Risk and JXL Consulting at Risk EMEA in April. Use the OTC Space discount code to reduce the cost by 15%.
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We all know using notionals to measure the size of the OTC market leads to crazy headlines, so the CFTC has a cunning plan for that
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The OTC Derivatives Summit of the Global Fixed Income Institute is an annual event which has now been running for over ten years. Those in the know refer to the Summit informally as the Pennyhill Park event – where a group of the most senior buy- and sell-side individuals debate (in private) the latest challenges running an OTC derivatives business.
America’s leading and premier risk and regulation Convention returns to the New York Hilton Midtown over four days: OTC Space registered readers can access a 15% discount code.