Calculate, Monitor and Prepare – with one simple trade file, calculate your IM exposure and get the transparency you need to effectively monitor your IM thresholds
A BCBS IOSCO statement in March 2019 provided guidance that firms in-scope for subsequent phases of the initial margin rules are not required to have legal documentation and custodial agreements in place ahead of breaching the 50M threshold per counterparty group.
For larger firms who expect to quickly breach the 50M threshold, there is no change. They need to continue preparing for the deadline as planned; selecting an IM calculation method & engine, establishing an IM collateral workflow – and putting in place documentation with counterparties and custodians.
For smaller firms who are likely to be under the threshold for a long time, or even indefinitely, the latest BCBS announcement presents an opportunity to focus their resource on calculating and monitoring IM exposure.
With a simple trade file and rapid onboarding, we make IM monitoring easy. Here’s how it works:
Once a local threshold is breached you can easily switch from IM monitoring to IM margining:
One automated solution to calculate, validate and monitor your IM exposure
One simple file in and no implementation required
Upon breach at no extra cost: automated call exchange, securities collateral pledge/accept, settlement connectivity
Pay as you go pricing inclusive of MarginSphere fees. Pay only for IM trades and agreements in-scope (no upfront fees)
All ongoing support, maintenance and upgrades included
Fully automated IM monitoring workflow reduces operational burden and allows you to save valuable resource