ISDA Publishes ISDA SIMM® Methodology, Version 2.7

ISDA has published the ISDA SIMM® Methodology, version 2.7, with an effective date of December 7, 2024.

This version of SIMM includes updates based on the full recalibration and industry backtesting of the methodology.

The SIMM methodology remains a central part of the SIMM Governance Framework that SIMM users are expected to adhere to.

The effective date of December 7, 2024 means that SIMM users should use SIMM version 2.7 to calculate the initial margin for Close of Business (COB) on Friday, December 6, 2024 onwards. This means that the first day for exchange of initial margin calculated using SIMM version 2.7 would be on Monday, December 9, 2024.

Documents (1) for ISDA Publishes ISDA SIMM® Methodology, Version 2.7

Marking a Milestone - IQ January 2025

It was a different time and a very different market, but 1985 remains a seminal year in the history of over-the-counter (OTC) derivatives – the year that ISDA was established and the very first industry standard document was published. While...

Response to FCA on SI Regime

On January 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) responded to questions from the UK Financial Conduct Authority (FCA) on the future of the systematic internalizer (SI) regime. In the response,...

Response to CSA on Clearing Obligation

On December 19, ISDA submitted a response to the Canadian Securities Administrators (CSA) consultation on proposed amendments to the clearing obligation in Canada. The CSA invited comments on the proposed amendments and on the specific question set out in Annex B...

Derivatives Regulations and Usage in Japan

Japan’s regulatory landscape has generally been supportive of derivatives use by various segments of the buy side. While there are some guidelines on the purposes for which derivatives can be used by certain entities, which are not unique to Japan,...