Firms which are either directly or indirectly subject to global regulatory requirements for the calculation and exchange of regulatory initial margin (IM), may opt to use the ISDA Standard Initial Margin Model or ISDA SIMM® either directly, through their counterparty or their vendor, provided they have executed a licensed agreement with ISDA. Firms which first became subject to regulatory IM requirements on or after September 1, 2021, may obtain a no-fee license for use of ISDA SIMM® by completing the required information and accepting the standard license agreement here. Establishing an account on isda.org is required to complete the agreement.
For information on the SIMM License Agreement for vendors, please contact isdalegal@isda.org.
Latest
Response to ESMA Guarantees
On April 30, ISDA responded to the European Securities and Markets Authority (ESMA) consultation paper on guarantees as central counterparty (CCP) collateral and certain aspects of CCP investment policy. ISDA broadly supports ESMA’s proposed draft regulatory technical standards (RTS) to...
ISDA AGM Studio: Jenny Cosco and Jason Granet
Jenny Cosco, global head of government relations and regulatory strategy at LSEG, and Jason Granet, chief investment officer at BNY, speak with Tara Kruse, ISDA’s global head of derivative products and infrastructure, about how firms can manage liquidity pressures during...
Updated OTC Derivatives Compliance Calendar
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Capital Models Benchmarking: A Framework for Counterparty Credit Risk Internal Models
When firms implement capital models in line with supervisory standards, a range of interpretative and implementation choices inevitably arise. These choices reflect differences in modeling approaches, data availability, system architecture and risk management practices, and can lead to variation in...