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
ISDA Response – ROC Consultation on Revised CDE Version 4
The International Swaps and Derivatives Association, Inc. (ISDA) response to the Regulatory Oversight Committee (ROC) consultation on the harmonisation of critical OTC derivatives data elements (CDE) revised CDE Technical Guidance – version 4, submitted to the ROC on January 24,...
ISDA response to ESMA MiFIR Review Consultation
On July 11, ISDA submitted a response to the European Securities and Markets Authority's (ESMA) fourth package of Level 2 consultation under the Markets in Financial Instruments Regulation Review (MiFIR), on transparency for derivatives, package orders and input/output data for...
Canadian Transaction Reporting Party Requirements
These Reporting Party Requirements establish the hierarchy and tie-breaker logic to determine a single reporting counterparty for Canadian provincial reporting. By leveraging the existing reporting party standard established for reporting to the CFTC, in most cases these rules facilitate submission...
ISDA In Review – June 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in June 2025.