Our timeline highlights the important milestones with recommended dates for completion. Get in touch if you would like to discuss your UMR project.
Phase 6 Go-Live – September 2022
DRAG TO SCROLL
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.
Acadia's expertise and experience ensures that firms make the right budget allocation decisions for UMR. Our Risk Services and UMR Collateral Suites provide powerful technology applications, empowering firms to optimize internal workflow and delegate critical processes.