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Initial Margin Health Checks


For a limited time, Margin Tonic are offering free Initial Margin Health checks to in-scope firms.

The Health Check is an opportunity for firms to understand the KEY Initial Margin changes, CHALLENGES, SOLUTIONS and gain an expert view on their key focus areas going forwards.

Does your Phase 5 or 6 firm understand their compliance scope?

Which tasks should you start with?

What does an IM delivery programme look like?

What are the key lessons learnt from previous phases?


The Initial Margin (BCBS-IOSCO) rules are considered a 'game-changer' for the OTC industry, imposing extensive change onto firms via a brand new front-to-back process flow.

Early Phase groups typically required 18-24 months, with heavy resources, to deliver the full set of IT and operational changes.

BCBS/IOSCO’s proposed Phase 5 & 6 will catch around 300 and 800 groups respectively, bringing a completely unprecedented scale of industry change to Collateral and impacted areas. Bottlenecks are likely at Vendors, Custodians and Legal teams, so firms need to do all they can to beat the industry queues that will form.

Initial Margin Phase breakdown

Initial Margin Phase breakdown



Margin Tonic are in the privileged position to have delivered the Initial Margin changes to multiple firms across different phases, including Tier 1 banks, smaller banks and the buy-side.

See our Initial Margin expertise below, across all four key change workstreams.

Margin Tonic’s Initial Margin expertise

Margin Tonic’s Initial Margin expertise


The Health check process starts with us asking your firm a few simple questions upfront related to your compliance readiness. We can then tailor our Health check meeting accordingly to your firm’s needs.

The Health check itself will give in-scope groups access to our experts, either via a face-to-face meeting or call, who will help your firm to understand:

  • The key rules

  • Impact of recent Regulatory developments

  • The new end-to-end process flow

  • The key IM changes and solutions, including:

    • Calculations (ISDA SIMM/Schedule)

    • Custodians

    • Operations

    • Legal

  • Compliance challenges

  • Delivery approach and timelines

  • Key focus areas for your firm


Please fill in the form below to book in for your Health Check or for any related questions. We’ll then get in touch.

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  • Margin Tonic supports a flexible set of end-to-end Initial Margin services, covering Calculations, Operations, Custodial and Legal changes

  • Margin Tonic’s specialists have defined and delivered the Initial Margin changes to multiple firms across different phases, including Tier 1 banks, smaller banks and the buy-side

  • We consider ourselves the industry leaders in accelerating the Initial Margin compliant changes

Click here for more details of our IM services.

Regardless of the stage of your Initial Margin delivery, Margin Tonic is able to help

Margin Tonic’s end-to-end IM services

Margin Tonic’s end-to-end IM services