ISDA, SIFMA, GFXD and SIFMA AMG are requesting that US regulators provide clarification that covered swap entities and their counterparties that will become subject to the initial margin requirements of the Margin and Capital Requirements for Covered Swap Entities or the Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants as of September 1, 2019 (phase four) and on or after September 1, 2020 (phase five) do not have to comply with the documentation requirements described therein unless the bilateral IM amount exceeds $50 million.
Click on the attached PDF to read the letter.
Documents (1) for ISDA Letter to US Regulators on $50M IM Threshold and Documentation Requirement
Latest
Credit Derivatives Trading Activity Q3 2025
This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...
Striking a Balance on EU Market Risk Capital
With US prudential regulators poised to publish a revised Basel III endgame proposal this year, and EU and UK regulators moving to finalize their own rules, ISDA is maintaining a laser focus on achieving a risk-appropriate capital framework that is...
Episode 53: The IOSCO Agenda
Global policymakers are focused on a wide-ranging set of issues, including NBFI and the rapid development of advanced technologies. IOSCO secretary general Rodrigo Buenaventura unpacks the regulatory agenda. Please view this page via Chrome to access the recording.
ISDA In Review – December 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in December 2025.