ISDA Minimum Standards Document for the Future State Margin Workflow (MSD V1.0)

The purpose of the “MSD for the Future State Margin Workflow” is to define recommended business and technology standards associated with implementation of the new margin rules which are scheduled to come into effect in December 2015 for certain counterparties. The document has been categorized based on five main components: 1) counterparty setup and client on-boarding, 2) trade execution, 3) initial margin (IM) & variation margin (VM) calculations, composite margin notifications & settlement provisions, 4) collateral eligibility, and 5) segregation

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Documents (1) for ISDA Minimum Standards Document for the Future State Margin Workflow (MSD V1.0)

Global Trading in INR Derivatives

Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the...

Response to FCA on Commodity Derivatives Clearing

On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...

Response on EC’s SFR Proposal

On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to...