ISDA Margin Survey Year-end 2022

The ISDA Margin Survey analyzes the amount and type of initial margin (IM) and variation margin (VM) posted for non-cleared derivatives. The survey also reviews IM posted by all market participants to major central counterparties (CCPs) for their cleared interest rate derivatives (IRD) and credit default swap (CDS) transactions.

IM and VM collected by leading derivatives market participants subject to the margin rules totaled $1.4 trillion at year-end 2022 compared to $1.3 trillion at the end of 2021. This included $325.7 billion of IM and $1.1 trillion of VM.

The survey also finds that $384.4 billion of IM was posted by all market participants to major CCPs for their cleared IRD and CDS transactions at the end of 2022.

Read the full survey by clicking on the attached PDF.

Documents (1) for ISDA Margin Survey Year-end 2022

ISDA Response to HMT, BoE on UK CCPs

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ISDA Response to FCA on Fund Tokenization

On November 21, ISDA responded to the Financial Conduct Authority’s (FCA) consultation paper CP25/28 on progressing fund tokenization. In the response, ISDA focuses on the use of tokenized assets as both cleared and non-cleared derivatives collateral. Tokenization presents a significant...