On April 11, 2024, International Swaps and Derivatives Association, Inc. (ISDA), the Institute of International Finance (IIF), and their respective members submitted a response to the BCBS-IOSCO-CPMI Review of Margining Practices (September 2022) which are reflected in the BCBS-IOSCO WGMR consultative report on Streamlining VM Processes and IM Responsiveness of Margin Models in Non-Centrally Cleared Markets (the “Report”).
ISDA’s Collateral Initiatives work responds to our members’ goals to reduce collateral management costs and risks by automating and streamlining collateral management, including documentation and onboarding, margin call and settlement, and collateral optimization.
ISDA is committed to ensuring the longevity of the ISDA SIMM®, a robust, regulatory compliant and effective global initial margin model. Dialogue with global regulators has resulted in the adoption of a number of enhancements to the SIMM Governance Framework.
Documents (1) for BCBS-IOSCO WGMR Consultation Response – Streamlining VM Processes and IM Responsiveness of Margin Models in Non-Centrally Cleared Markets
Latest
ISDA In Review – August 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in August 2026.
Remove Bureaucracy from Cross-margin Approvals
Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...
Joint Response on CCP Resolution
On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM) to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...