ISDA publishes documents related to ISDA’s proprietary Standard Initial Margin Model for non-cleared derivatives (ISDA SIMM™).
Under the revised licensing program, any market participant will be able to license the ISDA SIMM™ to calculate initial margin for its own or its clients’ non-cleared derivatives transactions. Third-party vendors will also be able to license the ISDA SIMM™ for proprietary services or products. As part of the revised terms, an annual licensing fee will apply to all those who use the ISDA SIMM™. The licensing fees collected will cover annual maintenance and recalibration costs associated with the ISDA SIMM™ to ensure it continues to meet current and future regulatory standards. The licensing fee will be reviewed annually.
Please direct any questions regarding the ISDA SIMM™ licensing program to isdalegal@isda.org.
Documents (8) for ISDA publishes draft of ISDA SIMM™ documents
- simm-from-principles-to-model-specification-4-mar-2016-v4-public(pdf) will open in a new tab or window
- im-discussion-paper-20150615-clean-public(pdf) will open in a new tab or window
- isda-simm-faq-27-july-2016-public(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.0(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.1(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.2(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.3(pdf) will open in a new tab or window
- simm-crosscurrencyswap-treatment-revised-27feb2017-public(pdf) will open in a new tab or window
Latest
Developing OTC Commodity Derivatives in India
The development of a robust and liquid over-the-counter (OTC) commodity derivatives market in India could support the continued growth of India’s economy given its significant reliance on commodities. A well-functioning OTC market in India would offer several advantages. First, it...
A Critical Step to Efficient Treasury Clearing
By the end of this year, the first prong of the Securities and Exchange Commission’s (SEC) Treasury clearing mandate will come into force. This is part of a regulatory effort to make the financial system more robust, but it will...
Joint Response to FCA and HMT Consultations
On January 16, ISDA and UK Finance responded to both the consultation on streamlining the UK European Market Infrastructure Regulation (UK EMIR) intragroup regime by the Financial Conduct Authority’s (FCA) and the draft statutory instrument from His Majesty’s Treasury (HMT)....
Key Trends in OTC Derivatives Market H1 2025
The latest data from the Bank for International Settlements (BIS) over-the-counter (OTC) derivatives statistics shows an increase in notional outstanding of OTC derivatives during the first half of 2025 compared to the first half of 2024. Notional outstanding rose across...