ISDA SIMM Training – Non-Technical Workshop

Monday, June 24, 2019
Ernst & Young

Member US$250.00

Non-Member US$300.00

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Monday, June 24, 2019

Print Agenda ISDA SIMM Training – Non-Technical Workshop for

12:30 PM Registration and Lunch

12:55 PM Introduction and Welcoming Remarks Tara Kruse

1:00 PM ISDA SIMM Background Nnamdi Okaeme

  • The industry’s need for a standard quantitative model
  • Sensitivity-based 99% 10-day approach
  • Summary of how SIMM meets regulatory requirements across jurisdictions

1:30 PM ISDA SIMM Methodology and Calculation Nnamdi Okaeme

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

2:15 PM ISDA SIMM Implementation Andrew Hill, Lutz Weinert

  • Data Preparation
  • Building SIMM
  • Operational Flows: From calculation to settlement
  • ISDA SIMM Crowdsourcing Utility

3:00 PM Coffee Break

3:15 PM Evolution of SIMM Nnamdi Okaeme, Lutz Weinert

  • Origins of the SIMM Methodology
  • Enhancements made from SIMM 1.0 to 2.1
  • Future evolution of SIMM

3:40 PM ISDA SIMM Annual Cycle Tara Kruse, Nnamdi Okaeme

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

4:15 PM SIMM Governance and Regulatory Engagement Tara Kruse, Lutz Weinert

  • Industry-level governance
  • ISDA’s regulatory engagements
  • Firm-level governance
  • Firm-level regulatory engagement

4:45 PM Workshop Concludes

Agenda is subject to change.

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Ernst & Young, Maagpl. 1, 8005 Zürich, Switzerland, +41 58 286 31 11

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Andrew Hill

Head of Change Management

ICE Benchmark Administration

Tara Kruse

Global Head of Infrastructure, Data and Non-Cleared Margin



Nnamdi Okaeme

Senior Director, Infrastructure, Data and Non-Cleared Margin



Lutz Weinert

Director, Head of Counterparty Risk Infrastructure and Processes

Commerzbank AG

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Registration fee is for one person to attend the entire event. Pass may not be split between multiple attendees.

Groups of three or more attendees from the same firm can receive a 20% discount on event registrations. Groups must be registered together, in advance of the event. To register your group, please email

Member US$250.00

Non-Member US$300.00

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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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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