ISDA SIMM v2.7+2412 goes into effect on July 12, 2025, triggering the initial application requirement for its continued use by all financial and non-financial EU counterparties exchanging IM calculated using ISDA SIMM®. ISDA is providing guidance to ISDA SIMM users to promote awareness and facilitate a consistent approach to preparing data for the initial application. At the request of SIMM users, ISDA has also developed a generic template for the initial application. Use of the template is optional and at the discretion of each applying entity. Questions may be directed to isdasimmtechsupport@isda.org
Documents (2) for Guidance for EU IM Model Application for ISDA SIMM®
Latest
IRD Trading in the US, EU and UK
This research note analyzes changes in interest rate derivatives (IRD) trading activity in the US, EU and UK from 2021 to 2024. It examines how central bank interest rate policies influenced IRD trading volumes and how the composition of IRD...
Response to ESMA on Clearing Threshold Regime
On June 16, ISDA responded to the European Securities and Markets Authority's (ESMA) consultation on the new clearing threshold (CT) regime. The new CT regime, based on uncleared positions, was introduced in the context of the European Market Infrastructure Regulation...
Response to EC on Integration of EU Capital Market
On June 10, ISDA submitted a response to the European Commission's (EC) consultation on the integration of EU capital markets. The consultation was launched as part of the EC's Savings and Investment Union project. In the response, ISDA addressed themes...
ISDA Launches Pre-adherence Period for Notices Hub
ISDA has begun a pre-adherence process for the ISDA Notices Hub, enabling firms to sign up to a free protocol that will allow them to use the new platform when it launches on July 15. Under the ISDA Master Agreement,...