The phased introduction of bilateral initial margin (IM) continues to affect institutions of gradually decreasing size, and the need for a centralised MVA calculation solution continues to be felt across the market.
The new rules require the posting of IM for new bilateral OTC derivatives trades. The funding of IM comes at a cost, which will vary over the lifetime of the trade and be calculated on the whole netting set of the counterparty relationship. MVA is the expected cost of funding IM until maturity of the longest trade in the netting set.
With triCalculate, users get accelerated, web-based MVA calculations for both Standard Initial Margin Model (SIMMTM) MVA and CCP-MVA for IM costs associated with trading with central counterparties.
We recalculate initial margin at every point in the simulation, instead of using crude approximations.
Hosted service: no hardware or software requirements.
Quick and easy to implement.
10 trillion calculations per second.
Up and running in under 30 days.
Pay as you go, transparent pricing model with no onboarding fees.