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
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...