IM poses serious concerns, standardisation model needed

By Beth Shah
09 Sep 2014

Calculating initial margin for uncleared over-the-counter derivatives is posing significant challenges for the industry and market participants need to look at adopting a standardised model to ensure consistency when calculating margin.

Speaking at Tuesday's International Swaps and Derivatives Association’s 2014 Annual North America Conference in New York, ISDA Chairman Stephen O’Connor said without a standardised model the system will grind to a halt. During the Fireside Chat with Scott O’Malia, ceo at ISDA, O'Malia noted pricing OTC margin is ...

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