Voltaire Advisors Webinar 

The Standard Initial Margin Model (SIMM) produced by ISDA provides a methodology for the calculation of initial margin (IM) for uncleared swaps that complies with margin requirements for non-centrally cleared derivatives in the US, European Union (EU), and Japan.

The introduction of SIMM is designed to mitigate systematic risk and create a global collateral margining framework which will lead to greater transparency and less disputes, by introducing daily initial margin calls (IM), in addition to existing variation margin calls (VM).

Originally rolled out in 2013 in response to the BCBS-IOSCO Guidelines, ISDA periodically reassesses and recalibrates SIMM risk factors in order to meet regulatory standards and market conditions. Version 2.0 was released in December 2017.

The implementation of SIMM has significant implications for financial firms in documentation, asset pricing, analytics and data management to support funding and liquidity functions. To help clients understand these issues, and their options when it comes to managing this process, Voltaire Advisors is hosting a webinar on the topic on February 27th.