Buy side seeks non-cleared margin relief for SMAs

Sifma AMG calls for $50 million IM exchange threshold to be set annually

Initial margin clarity
Risk.net montage

Asset managers are still finding problems with the non-cleared margin rules, even after regulators deferred the final phase of the regime and eased some operational requirements. 

The latest hazard concerns separately managed accounts (SMAs).

Under the rules, counterparties need only exchange initial margin (IM) if the aggregate amount due exceeds $50 million. When asset managers run SMAs for large investors such as pension funds and insurers, the relevant counterparty is the end-client. As a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here: