ISDA has published the ISDA SIMM® Methodology, version 2.7, with an effective date of December 7, 2024.
This version of SIMM includes updates based on the full recalibration and industry backtesting of the methodology.
The SIMM methodology remains a central part of the SIMM Governance Framework that SIMM users are expected to adhere to.
The effective date of December 7, 2024 means that SIMM users should use SIMM version 2.7 to calculate the initial margin for Close of Business (COB) on Friday, December 6, 2024 onwards. This means that the first day for exchange of initial margin calculated using SIMM version 2.7 would be on Monday, December 9, 2024.
Documents (1) for ISDA Publishes ISDA SIMM® Methodology, Version 2.7
Latest
ISDA 2025 – 2002 Equity Derivatives Definitions (Versionable Edition) Protocol Opens for General Adherence
ISDA has opened the general adherence phase for the ISDA 2025 – 2002 Equity Derivatives Definitions (Versionable Edition) Protocol. The protocol enables adherents to amend the terms of their equity derivatives master confirmation agreements to incorporate the 2002 ISDA Equity...
ISDA Comment on ICC Application as Clearing Agency
On October 6 ISDA submitted a comment letter to the Securities and Exchange Commission in response to the ICE Clear Credit (“ICC”) application for registration as a clearing agency under Section 17A of the Securities Exchange Act of 1934, including...
Paper on Enhancing Liquidity and Risk Management
As ISDA marks its 40th anniversary this year, it is an opportune time to reflect on the challenges and opportunities faced by the global derivatives markets over the past four decades. Rapid growth, continued innovation, regulatory reform, central clearing, margining,...
Trade Bodies Seek Delay on Third-Country CCP Rules
On October 21, ISDA and nine other trade associations – the Alternative Investment Management Association, the European Association of Co-operative Banks, the European Association of Corporate Treasurers, the European Banking Federation, the European Fund and Asset Management Association, the European...