[Last Updated on September 21, 2023]
Any party which offers commercial services based on the ISDA Standard Initial Margin Model (ISDA SIMMTM) (e.g. SIMM calculation, IM optimization, backtesting, etc.) is required to enter into a licensing agreement with ISDA. Please contact firstname.lastname@example.org for more information on licensing the ISDA SIMM.
The following vendors are licensed to offer services based on the ISDA SIMMTM:
Adenza (Calypso Technology)*
Adroit Trading Technologies, LLC
Ares International Corp.
BlackRock Financial Management, Inc.
Bloomberg Finance L.P.*
Cassini Systems Limited*
Chicago Mercantile Exchange Inc.
Clarus Financial Technology Ltd.
CRZ Pricing SAS
Ferential Systems, Inc.
Finalyse Group SA*
Finastra Global Limited*
FinMechanics Pte. Ltd.
FIS Systems International LLC*
HazelTree Fund Services, Inc.
ICE Data Services*
Initial Margin Limited
Jean Edwards Consulting*
KIS Pricing, Inc.
Korea Asset Pricing Co.*
NICE P&I Inc.*
OMNI Risks Management*
OpenLink Financial LLC / Ion Group*
Quantile Technologies Limited*
Quaternion Risk Management Ltd.
Shanghai Clearing House*
SS&C Technologies, Inc.
State Street Bank and Trust Company
SwapsHub Company Inc.
For additional information on the SIMM related services offered by the above parties and their contact information, please see the document attached below.
*These vendors have certified to ISDA that their SIMM calculator has passed the Unit Tests issued by ISDA for SIMM 2.5A.