Ever since Uncleared Margin Rules were introduced, Acadia has been uniting the derivatives industry, helping nearly every in-scope company on their own individual journey prepare and correctly comply with UMR.
With the sixth and final phase of UMR fast approaching, do you know if your company is in-scope and above the $8Billion AANA threshold calculation, and at risk of crossing the $50Million IM threshold? Have you started thinking about what you need to get ready for the deadline?
Download our Uncleared Margin Rules check list and make sure you're on track with your preparations.
Identification of In-scope
Aggregate average notional amount of non-cleared Derivatives will inform UMR obligations.
Early disclosure is highly recommended.
Selecting and communicating the best-fit approach for each organization.
IM Threshold Monitor
Set up a process to monitor the IM threshold (up to max of 50M at group level).
Calculation & Operational Set-up
Computing UMR margin and supporting daily operations will require firms to build or outsource new infrastructure.
Bi-lateral connectivity required to the custodians selected in 'Defining Approach'.
Obtain Regulatory Model Approval
Firms require regulatory approval to use SIMM™ in their UMR compliance.
Negotiate/Execute Documentation & Go-live Testing
Ensuring complete contracts and a tested workflow are live for each counterparty pair.
Phase 6 UMR Go Live
Your UMR compliance journey has begun
By downloading this checklist, you’ll be helping your company benefit from years of successful, industry-leading expertise and products including:
- Industry-wide repository of margin and collateral data
- Help in mitigating financial risk
- Optimization of resources across the entire trade life cycle
- Access to Acadia’s suite of analytics solutions and services
- Support in measuring the quantitative aspects of risk management
Join the working group
Are you interested in joining the UMR working group?
Acadia facilitate a number of working group meetings for firms that are about to come into scope for UMR rules in September 2022. These forums give firms the opportunity to hear from our regulatory experts & ask questions to ensure that they are ticking the boxes for their compliance.