ISDA SIMM™ Training – Technical Workshop

Tuesday, May 1, 2018
New York

This workshop offers a unique opportunity for participants to discuss with industry experts the technical aspects of the ISDA Standard Initial Margin Model (SIMM).

Educational Credits

 3.5 CPE Credit Hours Available

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Tuesday, May 1, 2018

12:45 PM Registration and Lunch

1:15 PM Introduction and Welcoming Remarks Tara Kruse

Tara Kruse, Head, Non-Cleared Margin Initiative, ISDA

1:20 PM ISDA SIMM Methodology and Calculation (Advanced)

  • Description of the ISDA SIMM
  • Methodology
  • Example to illustrate calculation using methodology
  • Comparison of Initial Margin from SIMM versus Schedule

2:15 PM ISDA SIMM Implementation

  • Data Preparation
  • Building SIMM
  • Operational flows: From calculation to settlement

2:45 PM Evolution of SIMM

  • Origins of SIMM Methodology
  • Enhancements made from SIMM 1.0 to 2.0
  • Future Evolution of SIMM

3:15 PM Afternoon Break

3:30 PM ISDA SIMM Annual Cycle

  • SIMM Monitoring
    • Evidenced-based approach to SIMM change review
    • Quarterly Monitoring
  • SIMM Calibration
  • SIMM Backtesting and Benchmarking

4:15 PM Regulatory Preparation and Engagement

  • ISDA/Industry Level Engagement
  • Firm Level Engagement
    • Requirement for Internal Governance and Monitoring Processes
    • Bilateral Testing and Reconciliation

4:45 PM Workshop Concludes

Register Now for ISDA SIMM™ Training – Technical Workshop
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ISDA Conference Center, 10 East 53rd Street (entrances on 52nd and 53rd Streets), 8th Floor, New York, NY 10022, Phone: +1 (212) 901-6000. Please find a map to the venue here.

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Tara Kruse

Head, Non-Cleared Margin Initiative


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The course level is intermediate. Some knowledge of derivatives  is assumed. No advance preparation is required.

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ISDA is an accredited provider of continuing education credits by the following organizations:

  • CLE

    ISDA has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York.

  • CPE Sponsory

    ISDA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors: 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.

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Follow us on Twitter @isdaconferences for the latest on upcoming events. For general questions, including exhibition/sponsorship opportunities, conference topics or location suggestions contact us: | +1 212-901-6000

ISDA SIMM™ is a registered trademark of the International Swaps and Derivatives Association, Inc. (ISDA). Market participants or service providers wishing to license ISDA SIMM or other ISDA intellectual Property should contact