The ISDA Collateral Infrastructure Committee Best Practice for Margin Call Issuance and Response

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The ISDA Collateral Infrastructure Committee in its remit to monitor issues and challenges related to the OTC collateral process has identified a gap as it pertains to the current margin call process. As many counterparties continue to move towards an electronic form of margin call matching and processing, there remains a consistent population of counterparties who do not subscribe to an electronic form of margin call messaging, which prevent true STP in the overall collateral process. To that end the ISDA 1CIC (Collateral Infrastructure Committee) has agreed to and is proposing a Best Practice for the issuance and response to margin calls in a standard manner to assist firms not currently utilizing an electronic margin call matching platform.

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