In 2016, ISDA launched the ISDA SIMM™ Crowdsourcing Facility, operated by ICE Benchmark Administration, to harmonize certain firm level inputs to the ISDA SIMM™ to reduce disputes in initial margin calls.
Differences in firm sources which determine the risk buckets for the Credit and Equity risk classes may result in discrepancies in the assigned risk bucket, leading to discrepancies in the IM amount. The ISDA SIMM Crowdsourcing Facility is an industry utility created to reduce such discrepancies by using crowd-sourced data analytics to help resolve disputes regarding the appropriate risk bucket for the SIMM calculation. In the event of a bilateral discrepancy in the risk bucket for the credit or equity risk classes, the ISDA SIMM Crowdsourcing Facility has been designated as the default utility for resolving disputes, but parties may mutually agree otherwise.
ISDA encourages firms to participate in the ISDA SIMM Crowdsourcing Utility. For additional information, see the Fact Sheet below, contact IBA@theice.com or consult IBA’s website: https://www.theice.com/iba/isda-simm/crowdsourcing-facility
Documents (2) for ISDA SIMM Crowdsourcing Facility
Latest
ISDA Publishes ISDA SIMM® Methodology, Version 2.8+2506
ISDA has published the ISDA SIMM® Methodology, version 2.8+2506, which is effective from December 6, 2025. This version of the SIMM includes updates based on the calibration of the main delta risk weights and other parameters using data up to...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Why We Must Seize the Moment to Fix Reporting
From the retirement of LIBOR to the rollout of margin requirements for non-cleared derivatives, we’ve seen over the past decade how some of the thorniest challenges have been overcome through close collaboration between the industry and the public sector. We...
ISDA Launches RFQ for DRR Traceability Tool
ISDA has launched a request for quote (RFQ) for the development of a traceability tool for its Digital Regulatory Reporting (DRR) solution. The traceability tool is intended to provide enhanced transparency for users of the ISDA DRR by pinpointing why...