Buy side could be biggest voice in key margin decisions

Asset managers encouraged to join Simm’s daily polling mechanism – despite some dealers’ concerns


The tables are being turned on banks that led the development of the swap market’s standard initial margin model (Simm) – they may have called the shots in the model’s design, but are set to be massively outnumbered in the polling mechanism that ultimately determines how much margin it generates.

Currently, 22 banks submit daily votes on how to apply the multiple risk buckets in the Simm – a model designed for use by the entire swaps market – but scores of buy-side firms could join them, as

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: