To adhere to the Protocol and for FAQs and other information regarding the Protocol, please go to the ISDA 2016 Variation Margin Protocol page.
For a description of the documents below, please see “How is the Protocol structured? What is the purpose of the different Protocol documents?” on the Protocol FAQs page.
PCA Principal Answer Sheet
Revised EMIR Supplemental Answer Sheet (Dec. 16, 2016)
Japanese Notification Time Amendments Supplemental Answer Sheet (Jan. 13, 2017)
Non-netting Supplemental Answer Sheet (Jan. 20, 2017)
Segregation Amendments Supplemental Answer Sheet (Jan. 26, 2017)
Swiss (FMIA) rules Supplemental Answer Sheet (May 9, 2017)
Documents (6) for PCA Principal Answer Sheet
- 9questionnaire-answer-sheet(xls) will open in a new tab or window
- 9revised-emir-supplemental-answer-sheet(xls) will open in a new tab or window
- 9jp-notification-time-supplemental-answer-sheet(xls) will open in a new tab or window
- 9non-netting-supplemental-answer-sheet(xls) will open in a new tab or window
- 9seg-amends-supplemental-answer-sheet(xls) will open in a new tab or window
- 9fmia-supplemental-answer-sheet(xls) will open in a new tab or window
Latest
Paper on MIFIR PTT
On April 7, ISDA, the Association for Financial Markets in Europe (AFME), the International Capital Market Association (ICMA) and the European Banking Federation (EBF) published a paper on proposals relating to post-trade transparency (PTT) under the Markets in Financial Instruments...
Data Integrity for Single-sided Reporting
On April 2, ISDA published a paper on why single-sided reporting does not compromise the quality and integrity of data received by supervisors. The paper addresses concerns among regulators that moving from dual-sided reporting would adversely affect the quality of...
Paper on Removal of SI Regime
On April 2, ISDA, the Association for Financial Markets in Europe (AFME) and the International Capital Market Association (ICMA) published an update to a paper, originally published in October 2025, on the practical implications of the systematic internalizer (SI) regime...
Measured Adjustments - IQ April 2026
Eighteen years on from the global financial crisis of 2008, the rollout of central clearing, margining of non-cleared derivatives trades and higher capital requirements has completely reshaped derivatives trading and risk management. But effective regulation requires regular monitoring to ensure...