ISDA publishes documents related to ISDA’s proprietary Standard Initial Margin Model for non-cleared derivatives (ISDA SIMM™).
Under the revised licensing program, any market participant will be able to license the ISDA SIMM™ to calculate initial margin for its own or its clients’ non-cleared derivatives transactions. Third-party vendors will also be able to license the ISDA SIMM™ for proprietary services or products. As part of the revised terms, an annual licensing fee will apply to all those who use the ISDA SIMM™. The licensing fees collected will cover annual maintenance and recalibration costs associated with the ISDA SIMM™ to ensure it continues to meet current and future regulatory standards. The licensing fee will be reviewed annually.
Please direct any questions regarding the ISDA SIMM™ licensing program to isdalegal@isda.org.
Documents (8) for ISDA publishes draft of ISDA SIMM™ documents
- simm-from-principles-to-model-specification-4-mar-2016-v4-public(pdf) will open in a new tab or window
- im-discussion-paper-20150615-clean-public(pdf) will open in a new tab or window
- isda-simm-faq-27-july-2016-public(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.0(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.1(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.2(pdf) will open in a new tab or window
- ISDA SIMM Methodology, version R1.3(pdf) will open in a new tab or window
- simm-crosscurrencyswap-treatment-revised-27feb2017-public(pdf) will open in a new tab or window
Latest
Future of Asset Management in Japan: CEO Remarks
Future of Asset Management in Japan October 17, 2025 Welcoming Remarks Scott O’Malia ISDA Chief Executive Officer Good morning, and welcome to this ISDA event on the Future of Asset Management in Japan. We’re delighted to be holding this...
New Report on Japan's Asset Management Ambitions
ISDA and Crisil Coalition Greenwich shows that derivatives are expected to play a pivotal role in Japan’s ambition to become a global leader in asset management, but some barriers need to be reduced to enable the country’s asset managers to...
The Derivatives Market in Japan
A healthy derivatives market is an important element to Japan’s plan to become a global leader in asset management. Asset managers are eager to increase their use of derivatives to better take and manage risk, but note that there is...
DRR Expanded to Cover Hong Kong's Revised Rules
ISDA has expanded its Digital Regulatory Reporting (DRR) solution to support revised derivatives reporting rules in Hong Kong, enabling in-scope firms to implement the changes cost-effectively and accurately. The amendments from the Hong Kong Monetary Authority (HKMA) and the Securities...