[Last Updated on September 2nd, 2026]
Any party which offers commercial services based on the ISDA Standard Initial Margin Model (ISDA SIMM®) (e.g. SIMM calculation, IM optimization, backtesting, etc.) is required to enter into a licensing agreement with ISDA. Please contact isdalegal@isda.org for more information on licensing the ISDA SIMM®.
The following vendors are licensed to offer services based on the ISDA SIMM®:
ActiveViam
Arcesium LLC*
Ares International Corp.
Avaloq Group AG
Bachelier (Hong Kong) Information Technology Co., Ltd.
BlackRock Financial Management, Inc.
Bloomberg Finance L.P.*
Capitolis, Inc.
Cassini Systems Limited*
Cecabank, S.A.
CFETS Financial Data Co., Ltd (ComStar)*
Chicago Mercantile Exchange Inc.
ChinaBond Pricing Center Co., Ltd.
Clarus Financial Technology Ltd.
Coremont LLP
CRZ Pricing SAS
Cumulus9 Limited*
DerivQuant Consultancy Ltd.*
Ernst & Young (China) Advisory Ltd.*
Everix
Ferential Systems, Inc.
Finalyse Group SA
FinMechanics Pte. Ltd.
FIS Systems International LLC*
Goldman Sachs
Hangzhou Era Yintong Software Co., Ltd.
HazelTree Fund Services, Inc.
ICE Data Services*
Initial Margin Limited
ITS Corporation*
Jean Edwards Consulting
KIS Pricing, Inc.
Korea Asset Pricing Co.*
LSEG PTS (Acadia)*
Murex S.A.S.
Nasdaq Calypso*
NICE P&I Inc.
Numerix LLC
OMNI Risks Management
OpenGamma Ltd.*
OpenLink Financial LLC / Ion Group
Opensee
Quantile Technologies Limited
Qvious, Inc.
S&P Global (IHS Markit)*
SAS
Shanghai Clearing House*
Shanghai Kingstar Software Technology Co., Ltd.
Shanghai Novatouch Information Technology Co., Ltd
Shenzhen Sunline Tech Co., Ltd.*
Siman Systems Ltd.
SS&C Technologies, Inc.
Taliesin LLC
TAS Spa (Newsoft Srl)
Teciem (formerly Finastra)
The Clearing Corporation of India Ltd. (CCIL)
TriOptima AB*
Value and Risk Services Lux S.à.r.l
Vector Risk
Vermeg
xQuant Technology Company, Ltd.*
ZeroBeta, Inc.
For additional information on the SIMM related services offered by the above parties and their contact information, please see the document attached below.
*These vendors have certified to ISDA that their SIMM calculator has passed the Unit Tests issued by ISDA for SIMM 2.8+2512.
Documents (1) for ISDA SIMM® Licensed Vendors
Latest
ISDA In Review – August 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in August 2026.
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,...
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM) to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...