UMR Timeline

Are you on track for uncleared margin rules?

Phase 6 Go-Live - September 2022

Our timeline highlights the important milestones with recommended dates for completion.  Get in touch if you would like to discuss your UMR project.

TIMELINE

Phase 6 Go-Live – September 2022

DRAG TO SCROLL

2021-02-01

February 2021

Identification of In-scope

Aggregate average notional amount of non-cleared Derivatives will inform UMR obligations.

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2021-02-01

2021-04-01

April 2021

Counterparty Disclosure

Early disclosure is highly recommended.

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2021-04-01

2021-07-01

July 2021

Defining Approach

Selecting and communicating the best-fit approach for each organization.

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2021-07-01

2021-09-01

September 2021

IM Threshold Monitor

Set up a process to monitor the IM threshold (up to max of 50M at group level).

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2021-09-01

2021-12-01

December 2021

Calculation & Operational Set-up

Computing UMR margin and supporting daily operations will require firms to build or outsource new infrastructure.

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2021-12-01

2022-01-01

January 2022

Custodian Set-up

Bi-lateral connectivity required to the custodians selected in 'Defining Approach'.

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2022-01-01

2022-02-01

February 2022

Obtain Regulatory Model Approval

Firms require regulatory approval to use SIMM™ in their UMR compliance.

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2022-02-01

2022-04-01

April 2022

Negotiate/Execute Documentation & Go-live Testing

Ensuring complete contracts and a tested workflow are live for each counterparty pair.

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2022-04-01

Download our UMR factsheet

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.