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
Episode 56: Countdown to Treasury Clearing
With less than nine months to go until the first US Treasury clearing mandates come into force, BlackRock’s Tyler Wellensiek and BNY’s Nate Wuerffel discuss industry progress. Please view this page via Chrome to access the recording.
Response to Eurosystem Consultation on Appia
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On April 20, ISDA submitted a response to the European Securities and Markets Authority (ESMA) consultation paper on a draft regulatory technical standard (RTS) for the post-trade risk reduction (PTRR) exemption from the derivatives clearing obligation under Article 4b of the...
Response on Competitiveness of EU Banking Sector
On April 17, ISDA responded to the European Commission’s (EC) targeted consultation on the competitiveness of the EU banking sector. The EU is aiming to bolster the ability of its financial markets and banking sector to grow, remain competitive and...