AcadiaSoft Launches Consulting Services for Initial Margin Rules
Vendor will provide a service that advises banks and buy-side firms seeking margin-model approval from the Fed ahead of 2018 deadline
To calculate margin requirements for these contracts, most will use a methodology designed by the International Swaps and Derivatives Association (Isda)—the Swaps Initial Margin Model (Simm). However, despite the fact that this was developed by a consortium of banks and buy-side firms, the Simm model in use at each participant requires authorization from the US Federal Reserve.
“The Isda Simm model and its appropriate governance and use covers many different aspects of derivatives risk
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