Industry Risk Classification
Simplifying your UMR compliance and reducing the potential for errors
Acadia’s Industry Risk Classification service was designed for all firms in scope for Uncleared Margin Rules that are utilizing ISDA SIMM™ for their regulatory initial margin. As prescribed by the model rules, firms are required to map the risk class of each underlying credit and equity ISIN to standard SIMM risk buckets. Due to Acadia’s role in the market, nearly 100% of in-scope firms CRIF (Common Risk Interchange Format) files are incorporated in the defining of risk buckets, significantly lowering the potential for differences in mapping risk buckets - often a cause for disputes.
Industry Risk Classification
Simplifying your UMR compliance and reducing the potential for errors
Acadia’s Industry Risk Classification service was designed for all firms in scope for Uncleared Margin Rules that are utilizing ISDA SIMM™ for their regulatory initial margin. As prescribed by the model rules, firms are required to map the risk class of each underlying credit and equity ISIN to standard SIMM risk buckets. Due to Acadia’s role in the market, nearly 100% of in-scope firms CRIF (Common Risk Interchange Format) files are incorporated in the defining of risk buckets, significantly lowering the potential for differences in mapping risk buckets - often a cause for disputes.
Industry Risk Classification (IRC) is an important aspect of your ISDA SIMM™ model governance. For clients that subscribe to Acadia’s IM Risk Generator service to calculate their risk sensitivities, IRC is automatically utilized as the default risk bucket mapping tool.
IRC is available for all in scope firms to leverage as part of their UMR compliance framework. A daily snapshot of the final calculation is taken at 07:00 UTC on each business day Acadia’s service supports mapping for over 65,000 ISINs – making it the largest database of ISINs.
To learn more about the service, download the PDF factsheet or book a meeting with one of our team.
Streamline your UMR workflow
Acadia’s Industry Risk Classification service was designed for all firms in scope for Uncleared Margin Rules that are utilizing ISDA SIMM™ for their regulatory initial margin. As prescribed by the model rules, firms are required to map the risk class of each underlying credit and equity ISIN to standard SIMM risk buckets. Due to Acadia’s role in the market, nearly 100% of in-scope firms CRIF (Common Risk Interchange Format) files are incorporated in the defining of risk buckets, significantly lowering the potential for differences in mapping risk buckets - often a cause for disputes.
Definitive source of ISDA SIMM™ risk bucket mapping – incorporating data from nearly 100% of all CRIF submitting in-scope firms
Easily identify differences between your firm’s data and your counterparty and crowdsourced values
Provides broad ISIN coverage by using all past agreement level CRIF submissions when calculating the consensus bucket – supporting risk bucket mapping for over 65,000 ISINs
Reduce collateral disputes where both parties apply the crowdsourced value
Industry Risk Classification (IRC) is an important aspect of your ISDA SIMM™ model governance. For clients that subscribe to Acadia’s IM Risk Generator service to calculate their risk sensitivities, IRC is automatically utilized as the default risk bucket mapping tool.
IRC is available for all in scope firms to leverage as part of their UMR compliance framework. A daily snapshot of the final calculation is taken at 07:00 UTC on each business day Acadia’s service supports mapping for over 65,000 ISINs – making it the largest database of ISINs.
To learn more about the service, download the PDF factsheet or book a meeting with one of our team.
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Key Benefits
Definitive source of ISDA SIMM™ risk bucket mapping – incorporating data from nearly 100% of all CRIF submitting in-scope firms
Easily identify differences between your firm’s data and your counterparty and crowdsourced values
Provides broad ISIN coverage by using all past agreement level CRIF submissions when calculating the consensus bucket – supporting risk bucket mapping for over 65,000 ISINs
Reduce collateral disputes where both parties apply the crowdsourced value
IRC is automatically utilized as the default risk bucket mapping tool for all Acadia IM Risk Generator clients and is included in your subscription
Key Benefits
1.
Definitive source of ISDA SIMM™ risk bucket mapping – incorporating data from nearly 100% of all CRIF submitting in-scope firms
2.
Easily identify differences between your firm’s data and your counterparty and crowdsourced values
3.
Provides broad ISIN coverage by using all past agreement level CRIF submissions when calculating the consensus bucket – supporting risk bucket mapping for over 65,000 ISINs
4.
Reduce collateral disputes where both parties apply the crowdsourced value
5.
IRC is automatically utilized as the default risk bucket mapping tool for all Acadia IM Risk Generator clients and is included in your subscription
6.
Learn more
Driving the derivatives industry as one
We offer more than just Industry Risk Classification. Find out what Acadia solutions can offer your business and drive it forward across departments.
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