Joint Trade Association Letter to CFTC on Uncleared Margin Proposal

On October 10, 2023, ISDA, along with other trade associations, sent a letter to the CFTC to support proposed amendments to the margin requirements for uncleared swaps, including refinements pertaining to seeded funds and IM thresholds, removing the asset transfer restriction within MMFs as eligible collateral, and clarifying haircuts for MMFs.

Documents (1) for Joint Trade Association Letter to CFTC on Uncleared Margin Proposal

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...