ISDA publishes documents related to ISDA’s proprietary Standard Initial Margin Model for non-cleared derivatives (ISDA SIMM™).
Under the revised licensing program, any market participant will be able to license the ISDA SIMM™ to calculate initial margin for its own or its clients’ non-cleared derivatives transactions. Third-party vendors will also be able to license the ISDA SIMM™ for proprietary services or products. As part of the revised terms, an annual licensing fee will apply to all those who use the ISDA SIMM™. The licensing fees collected will cover annual maintenance and recalibration costs associated with the ISDA SIMM™ to ensure it continues to meet current and future regulatory standards. The licensing fee will be reviewed annually.
Please direct any questions regarding the ISDA SIMM™ licensing program to isdalegal@isda.org.
Documents (8) for ISDA publishes draft of ISDA SIMM™ documents
- simm-from-principles-to-model-specification-4-mar-2016-v4-public(pdf) will open in a new tab or window
- im-discussion-paper-20150615-clean-public(pdf) will open in a new tab or window
- isda-simm-faq-27-july-2016-public(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.0(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.1(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.2(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.3(pdf) will open in a new tab or window
- simm-crosscurrencyswap-treatment-revised-27feb2017-public(pdf) will open in a new tab or window
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