ICE Benchmark Administration Launches Crowdsourcing Facility for ISDA SIMM

[kreslik.news]

New York Stock Exchange operator Intercontinental Exchange (NYSE:ICE) today announced that ICE Benchmark Administration (IBA) has launched a crowdsourcing facility for the ISDA Standard Initial Margin Model (ISDA SIMM) ahead of new margin rules for non-cleared derivatives which are effective today.

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New Margin Rules

The IBA crowdsourcing facility, which launched on August 1, 2016, is already supported by 16 global banks who are submitting risk data to the facility with the number anticipated to grow alongside the industry adoption of ISDA SIMM.

The ISDA SIMM is a ... (read more)