Margin Tonic are offering free Initial Margin Health checks to Phase 5 and 6 firms.
The Health check gives in-scope firms access to our experts - who have already delivered Initial Margin to multiple firms across different phases - to understand the key changes, solutions, challenges and an assessment of their key next steps and focus areas.
Margin Tonic is pleased to announce the release of our new IM Accelerator packs, further extending our end-to-end Initial Margin services.
Our IM packs contain a series of high-value Accelerators that significantly quicken key compliance activities and timeframes, giving Phase 5 and 6 firms the chance to ‘beat the industry queues’ that will inevitably form.
Two Initial Margin phases for the price of one?
BCBS/IOSCO have recommended the introduction of a new Initial Margin phase within their July-19 statement, meaning we’d see Phase 5 in Sept-20 ($/€50bn AANA) and Phase 6 in Sept-21 ($/€8bn AANA).
There's plenty to consider here. Check out our post for five key takeaways.
It's all about the thresholds....
Chris was invited onto a progressive Initial Margin webinar hosted by Cassini, with all eyes on the 50mm exchange threshold for Phase 4 and 5 firms.
Topics included BCBS/IOSCO's recent guidance, threshold fundamentals, how firms can pro-actively understand their IM delivery scope, monitoring thresholds and options to reduce threshold breach risk. Check out the video here.
Driven by BCBS/IOSCO’s March-19 guidance, Phase 5 and 6 Initial Margin firms should be focused on which of their trading relationships will breach threshold and by when.
With that in mind, Margin Tonic can help in-scope firms understand their compliance scope via our powerful Threshold Breach Assessment service.
Margin Tonic provides a flexible set of end-to-end industry-leading Initial Margin services. Our specialists have defined and delivered the full set of IM changes at multiple firms across multiple phases.
We breakdown our key services here.
What is an AANA calculation? What are the steps that firms should follow before, during and after their AANA calculations? What are the jurisdictional AANA differences?
Lots of AANA questions being asked at the moment. This post will help. Come take a look.
BCBS/IOSCO have given guidance stating firms in the remaining IM phases now need to be operationally-ready by the time they breach the $50mn exchange threshold, rather than by Sept 1st. This triggers a brand new set of questions.
Here we help by recommending key next steps for in-scope firms, including working out which relationships will breach threshold and their expected day one compliance requirements.
BCBS/IOSCO have given guidance stating latter Phase firms now need to be operationally-ready by the time they breach threshold, rather than by Sept 1st. This triggers a brand new set of questions.
Here we help by giving a deep-dive of the operational readiness activities for those relationships breaching threshold, including which changes firms should start with and when.
It’s easy to take a cursory look at ISDA’s latest Margin Survey, see some big numbers, then quickly move onto something else.
But there are stories behind some of those numbers that shouldn’t be ignored. Read on for our four key takeways.
Custodians play a crucial operational role in the new Initial Margin ecosystem.
This article acts as an introduction to Custodians for IM compliance, covering areas such as: regulations impacting Custodians, Custodian trends so far, overview of TriParty vs Third Party Custodian models, IM Custodian process flows, Custodian selection factors and RFIs.
The new IM calculation, especially in the form of ISDA SIMM, requires in-scope firms to create a brand new ecosystem to support the upfront and ongoing Regulatory commitments. The good news is that multiple Vendor services now support much of this change.
This article is a helpful reference point for latter Phase firms trying to learn the basics of the IM calculation and the key changes required.
The first of a six-part series of articles written by Margin Tonic to describe the key changes imposed by the Initial Margin rules.
Our goal is to help Phase 4 and 5 firms better understand and prepare for the extensive front-to-back change required for compliance.
Click here to check out the recording from CloudMargin’s forward-thinking Initial Margin webinar panel that Chris was invited onto.
The focus was on the extensive Operational changes, solutions and challenges for Phase 4 & 5 firms, including the different Custodian models.
An intro describing who we are and what we do.