Collateral Management

Cassini Systems partners with SmartStream to help firms meet Uncleared Initial Margin obligations

London and New York – March 20th, 2019 – Cassini Systems, the leading provider of pre and post trade margin analytics for buy side derivatives trading, today announced its partnership with SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, to help financial institutions comply with BCBS-IOSCO margin requirements for uncleared OTC derivatives.

Video: What is ISDA Create – IM?

Derivatives trading and processing are becoming more automated, but the legal documents that back these trades are still reliant on paper and wet signatures. This slows down the time it takes to negotiate a document, and creates inefficiencies throughout the whole process.

ETD and Cleared OTC Margin Call and Communication Standards and Settlement Processing for the Buy-side

The buy-side collaborate to improve the margin call process for OTC and ETD products.

Getting It Right (Collateral and Custody)

Clearstream’s OTC Collateral service supports buy side customers throughout the entire lifecycle of both cleared and uncleared collateral management, whilst at the same time uniquely enabling full reuse of received collateral for triparty purposes. 

Three Webinars on Uncleared Initial Margin (Legal, Risk & Operations)

Hear from expert speakers on how to prepare for Initial Margin on uncleared OTC business. If your firm might be in scope for 2019 or 2020 then you need to hear these presentations, and get your questions answered.https://cloudmargin.com/understanding-initial-margin/

The 2018 Initial Margin Industry Survey

Take part in this years 2018 Initial Margin Survey and find out how other firms are planning to implement IM

Takeaways from ISDA and SIFMA’s Paper: Initial Margin for Non-Centrally Cleared Derivatives: Issues for 2019 and 2020

Following on from the CloudMargin "Seven Considerations about Initial Margin" and the ISDA paper, we summarise key points from the ISDA paper which also need consideration.

Seven Considerations about Initial Margin

Through seven key considerations, this paper explores the IM regulations and challenges to be tackled from the perspective of a collateral management and OTC derivatives operations leader. It is designed to help the reader understand what to consider, within a specific timeframe, and how to meet their compliance date across the areas of law, risk, operations and technology.

Initial Margin for Non-Centrally Cleared Derivatives: Issues for 2019 and 2020

In response to the global financial crisis of 2008-2009, the G20 agreed to a financial regulatory reform agenda covering the over-the-counter derivatives markets and market participants, among them recommendations for the implementation of margin requirements for non-centrally cleared derivatives.

Margin Rules and ISDA SIMM

Bill: The PDF provided on the ISDA website examines refinements to the way IM is calculated for uncleared business. It links market size and liquidity to portfolio size and closeout timing to make the amount of IM more proportional to the size and risk in a given portfolio. According to Risk magazine this paper bypassed the ISDA WGMR causing some concern. At the moment the paper is purely academic and isn't a change to SIMM but more a discussion paper for global regulators.