Many firms need to create or modify ISDA CSA agreements to achieve compliance around the world with the Uncleared Margin Regulations (UMR). This survey will give you an insight into what other firms are doing to become compliant. We will reveal the results live at a webinar and explain the options for carrying out the repapering and implementing your agreements.

Uncleared Margin Compliance in a Nutshell: Peer Benchmark Survey and Webinar

Tuesday 6th June, 15:00 GMT (10:00 EST)

Many firms need to create or modify ISDA CSA agreements to achieve compliance around the world with the Uncleared Margin Regulations (UMR). We want to help firms understand where they stand compared to their peers, and then provide feedback on how to re-paper and implement agreements quickly.

Immediately after completing the 15 questions in this survey, each participant will see results as compared to other participants. Once the survey is closed, the full set of data will be discussed in an industry-wide webinar and followed up with a best practices guidebook to help firms finalize their compliance before jurisdictions around the world enforce the rules later this year. The survey should take about 5 minutes and includes 15 questions across three pages: 1) firm background 2) legal preparations and 3) implementation.

Please share this survey to your peers. The larger the sample size, the better the results and the better understanding of where the industry is going, compared to your own firm.  

STEP 1

CLICK HERE TO COMPLETE THE SURVEY

STEP 2

REGISTER FOR THE WEBINAR HERE

STEP 3

Click an option below to save to your calendar:

iCalendar  •  Google Calendar  •  Outlook  •  Outlook Online  •  Yahoo! Calendar

The linked webinar will explain the options for carrying out the repapering either using Word and Email or using an electronic platform and compare the two. Once you have your agreements they need to become operationally active, we will also present options for running your agreements including tracking and resolving disputes using Excel or an electronic platform.  Given that the execution and implementation of these new agreements is a regulatory requirement, is it really appropriate to use Word and Excel as key tools any more? We hope to set out a vision of an easier future not just for UMR but also for future projects like MiFID and for other businesses than OTC Derivatives.

Webinar Agenda:

• What are the key steps to become compliant with UMR?
• Comparing Word and Email for repapering with a modern electronic platform
• Moving from execution to implementation, getting sign-offs and gathering the terms and data you need
• Comparing Excel for a regulated operational task with the latest electronic platform
• Hear from someone who’s actually trodden this path and give objective feedback

Speakers:

Robin Moody

Robin Moody has worldwide responsibility for the SmartDX capital markets practice. Robin joined in 2011 to be part of the team designing and building the commercial proposition behind SmartDX. Since then has taken full responsibility for all revenue and the growth of the division.  Robin has more than 15 successful years selling software to the Capital Markets industry. Prior to joining, Robin was the Sales Manager for the MEA region at IntraLinks and before that worked as Director of International Accounts at Thomson Financial.

Lee McCormack

In July 2016, Lee McCormack joined CloudMargin as Head of Strategy and Product Development, responsible for leading the overall strategic vision for the company and product. He has over 15 years of experience in OTC Clearing and counterparty risk management. Prior to CloudMargin, Lee worked at Nomura as Client Clearing Business Development Manager in September 2012, covering product development of the OTC Derivatives clearing platform as well as sales and marketing strategy. In 2008 he was part of the six-person SwapClear Default Management Group, who assisted LCH.Clearnet in the unprecedented unwind of the $9 trillion Lehman interest rate swap portfolio, comprising 66,000 trades. This made a huge impact on the trajectory of the industry, as the success of this initiative was a major factor in the regulators mandating central clearing.
 
Lee started his career in risk management at LCH.Clearnet, rising to become a Senior Risk Manager.  Lee joined UBS in 2006, responsible for actively managing bilateral close-out risk to other major dealers. In 2009, Lee joined Morgan Stanley, where he played a significant role in the launch of its OTC clearing service and helped clients understand the impact of OTC clearing on their business. 
 
From 2007 to 20012 Lee was part of the governance committee for LCH SwapClear representing UBS then Morgan Stanley.  In this position Lee helped design the client clearing service and redesign the default management process.  The governance committee oversaw the business plans, budgets, fees and overall strategy for SwapClear.
 
Lee holds a Law degree from the University of Leeds.

Bill Hodgson

Bill has worked with major banks to improve their OTC processing capabilities, including with Barclays Capital as Head of OTC (ISDA) Projects, LCH.Clearnet as Head of Product Development for the SwapClear service and at DTCC to design, build and deploy the Trade Information Warehouse for Credit Default Swaps. He originally qualified at Greenwich University in Computing, and is a contributor to three books on OTC products and capital markets and the owner of The OTC Space Ltd.

STEP 1

CLICK HERE TO COMPLETE THE SURVEY

STEP 2

REGISTER FOR THE WEBINAR HERE

STEP 3

Click an option below to save to your calendar:

iCalendar  •  Google Calendar  •  Outlook  •  Outlook Online  •  Yahoo! Calendar

Peer Benchmark Survey

The survey is available now, which aims to gather data across the industry on how firms are preparing for and implementing the Un-cleared OTC margin regulations around the world. Once you submit your answers you will immediately see the results others have provided so far, and the webinar will further discuss the results and expand upon the details of the current industry situation. We've tried to keep the number of questions small, so there are three pages:

1. on you;
2. on legal preparations and;
3. on implementation.

Each section should take a minute or two, and once you submit your answers you will immediately see the results others have provided so far. We will leave the survey open long enough to gather a meaningful sample of responses, if you can help us by sharing this survey the results will be improved and help you get a better understanding of where the industry is going, compared to your own firm. 

CLICK HERE TO COMPLETE THE SURVEY