Is your collateral team running like clockwork? In this webinar we will dig into the ways you can prepare your team for UMR to keep them working at maximum efficiency.
IM & SIMM should now be part of front office decision making, and long-term portfolio management. Our panel intends to discuss the extent to which initial margin should be part of all trading and portfolio decisions. For UMR firms who are above the average notional threshold but potentially beneath the 50mm IM threshold on a relationship, can scale down their compliance plans. But, knowing the amount of IM needs work and managing the IM amount isn’t simple.
UMR Phase 5 will have a significant capital impact on in-scope firms’ trading performance. To address this impact, firms need to treat it as a trading risk management process and have calculation tools in their front-office trade workflow that provide transparency and control over the impact of IM. Liam Huxley, CEO and Founder and Samuel Hyman, Head of Americas at Cassini Systems,discuss the benefits of pre-trade and intra-day/end-of-day analysis and collateral optimisation as affected firms prepare for the UMR deadline next year.
This will be a welcome relief for many firms and it’s good to see regulatory bodies listening to the market and taking pragmatic steps to alleviate what could have turned out to be an ugly bottleneck.
So what have you won?
1st Prize - You can keep trading derivatives. Which is pretty cool if you're in the business of trading derivatives.
But here's the kicker. In order to post or receive collateral, it is highly likely that you will have to on board with everyone's favourite ICSD... Clearstream. By September 2020.
This should however be a small price to pay considering the prize at stake here, so read on...
To start with, there are three components to the Clearstream doc package that must be considered.
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.