Collaboration to Target Ongoing UMR Calculations CloudMargin, a collateral and margin management vendor, and Margin Tonic, a service provider for collateral and post-trade operations, are working together to launch “a global Average Aggregated Notional Amount (AANA) calculation service” that trading firms can use to navigate the phases of the Uncleared Margin Rules (UMR) regulatory reforms…. Read More >>
CFTC Extends IM Deadline for Phase 5 Firms
Citing the operational challenges of the COVID-19 pandemic, the CFTC extended the initial margin (IM) deadline for Phase 5 firms from September 2020 to September 2021, but sidestepped moving the IM deadline for Phase 6 firms. Phase 5 firms now have another year to comply with the IM requirements for uncleared swaps under the regulatory… Read More >>
AcadiaSoft & CloudMargin Take On UMR Compliance
With the Uncleared Margin Rules (UMR) in mind, AcadiaSoft, a vendor of collateral management offerings for non-cleared derivatives, has launched a technology partnership with CloudMargin, maker of a cloud-based collateral management workflow tool, to provide a one-stop solution for the front-to-back office processes of collateral and margin management. The collaboration coincides with the just announced… Read More >>
Regulators Delay IM Deadline for Some Phase 5 Firms
As some derivatives industry participants expected, the Basel Committee on Banking Supervision and the International Organization of Securities Commissions have made changes to the deadline structure for Phase 5 of the initial margin (IM) implementation of the Uncleared Margin Rules (UMR). The regulators have essentially split off a segment of Phase 5 — those firms… Read More >>
AcadiaSoft Offers AANA Calculation Guide
AcadiaSoft, a collateral management software and services vendor, recently compiled an online guide to help buy-side firms calculate their Average Aggregate Notional Amount (AANA), the first major step in deciding if a firm needs to comply with the looming margining requirements governing non-centrally cleared derivatives. AANA calculations are key to determining whether a firm must… Read More >>
