Initial margin

Getting Ready for Initial Margin: The Steps to Take

+0

Each September until 2020, increasing numbers of entities will be required to meet initial margin regulations as the threshold level for compliance reduces. Preparation for meeting these requirements will take significant time, and will involve intensive work to ensure systems, processes and documentation are in place.

Share
Category

ISDA SIMM Conferences: New York – May 1 and London – May 10

+0

As more firms prepare to comply with regulatory initial margin requirements, ISDA will be holding conferences on the ISDA Standard Initial Margin Model (SIMM) which is used to calculate initial margin in accordance with non-cleared derivatives margining rules. These workshops will go over background development as well as usage and transition. The non-technical workshop is tailored to those new to the ISDA SIMM and the technical workshop will dive deeper into methodology, calculation and the evolution of the SIMM from version 1.0 to 2.0 and beyond.

Share
Category

Margin Regulation & SIMM: Preparing for the Next Wave of Change

+0

With phase 3 of the new margin rules for BCBS/IOSCO OTC non-cleared derivatives deadline coming up this September, many market participants are gearing up their collateral management operations to comply with these new initial margin (IM) requirements. For the firms who fall under the phase 3 requirement, the use of the newly updated common initial margin calculation methodology, the Standard Initial Margin Model (SIMM) may be a key part of their implementation strategy and change plans.

Share
Category

Save a Million on Clearing Costs – A Webinar from Razor Risk and JXL Consulting

+0

Clearing is now mandated globally which means for many high volume products their processing takes place via a CCP. With this bifurcation of cleared and un-cleared business, new clearing costs occur, but also from having trades in two environments. In this webinar we are going to consider: Whether your firm should move as much business into clearing as possible Whether ... Read More

Share
Category

Save a Million on Clearing Costs – A Webinar from Razor Risk and JXL Consulting

+0

Clearing is now mandated globally which means for many high volume products their processing takes place via a CCP. With this bifurcation of cleared and un-cleared business, new clearing costs occur, but also from having trades in two environments. In this webinar we are going to consider: Whether your firm should move as much business into clearing as possible Whether ... Read More

Share
Category

Trimming the Hedge: How can CCPs efficiently manage a default?

+0

Fernando Cerezetti, Emmanouil Karimalis, Ujwal Shreyas and Anannit Sumawong

Share
Category

IMminent- the other elephant in the room

+0

With a scant 28 days until the MiFID 2 starting gun sounds, Regulatory Change managers could be forgiven for looking forward to a well-deserved rest. In reality, 3 January 2018 will actually represent the beginning of a long process of clarification, refinement and final implementation. In this slightly dispiriting context, it is not surprising that […]

Share
Category

Reducing counterparty credit risk in uncleared markets – but what are the costs?

+0

An interesting viewpoint from staff at the Bank of England on the implications of margin on un-cleared portfolios and why achieving risk reduction benefits is all in the details.

Share
Category

EP adopts non-cleared margin rules- market quietly panics

+0

As previewed by its own ECON committee, the European Parliament yesterday adopted the “final” draft of the long-awaited non-cleared margin rules under EMIR. The uncharacteristic fast-tracking has created the ironic situation in which market participants are now lobbying the Council to delay their adoption of the rules in order to avoid entry into application during […]

Share
Category

Initial Margin rollout initially marginal

+0

Yesterday marked the first test of the WGMR non-cleared margin rules in the US, Canada and Japan. Even with just over 20 banks in the initial phase, market participants were readying themselves for a rocky start to the new regime. They will not have been disappointed, the afternoon saw the CFTC step in with its […]

Share
Category