1. Margin
  2. Margin
  3. Getting Ready for Initial Margin: The Steps to Take (Japanese)

Getting Ready for Initial Margin: The Steps to Take (Japanese)

Margin
Margin July 6, 2018
< 1  min.read

Each September until 2020, increasing numbers of entities will be required to meet initial margin regulations as the threshold level for compliance reduces. Preparation for meeting these requirements will take significant time, and will involve intensive work to ensure systems, processes and documentation are in place.

ISDA has published a new fact sheet (in Japanese) that sets out the steps firms should take when preparing to comply with regulatory initial margin requirements. These are not necessarily presented in chronological order – the precise order and timing will depend on a firm’s specific circumstances.

STEP 1: Identify in-scope entities early

STEP 2: Make early disclosures to counterparties

STEP 3: Exchange information on compliance

STEP 4: Identify special cases

STEP 5: Establish custodial relationships

STEP 6: Prepare for compliance

STEP 7: Negotiate/execute documentation

STEP 8: Finalize preparations

Click on the PDF below to read the full list of steps.

Tags:

,

Documents (1) for Getting Ready for Initial Margin: The Steps to Take (Japanese)

Latest

Stress Scenarios for CCP IM Simulators

ISDA has published a paper that explains why stress scenarios that central counterparties (CCPs) use for default fund sizing cannot be used for forward-looking initial margin (IM) simulators. Typically, stress scenarios used by CCPs consist of a single step, transitioning...

Paper on EMIR 3 Active Account Representativeness

On September 4, ISDA, the European Fund and Asset Management Association (EFAMA) and FIA shared a paper with EU policymakers requesting clarification on the implementation of the active account requirement under the third European Market Infrastructure Regulation in relation to...

Episode 51: Trading Places

Markets have been volatile so far this year, but what has this meant for market liquidity? The Swap talks to Chris Edmonds from Intercontinental Exchange on trading activity and the market, economic and geopolitical outlook. Please view this page via...