Is your institution going to be part of the final two phase-ins of initial margin (IM) rules for non-cleared derivatives?
If so, one of the first decisions that will have to be made is exactly to how calculate IM and exchange it with counterparties. But what you need to know is that the successful implementation of initial margin requirements will require extensive operational and technological overhauls.
Read this paper to become aware of the significant challenges OTC derivatives market participants will face including:
- The technical and functional requirements of ISDA SIMMTM
- The extensive demand on internal and external market resources
- The need for unified organization-wide preparation
- The development and testing of new processes
- Attaining model approval by regulators
Author Biography
Dennis Sadak, Senior Vice President, Product Management, Numerix
Mr. Sadak is Senior Vice President of Product Management for Numerix and overseeing risk analytics, including stress testing, VaR, and market risk. Prior to Numerix, he held several positions at MetLife, where he implemented numerous derivatives overlay strategies for their General Account portfolio and built out pricing and risk analytics for active derivatives hedging of their variable annuity program. Mr. Sadak earned a dual degree in Mathematics and Finance from Rutgers University and is a CFA charter holder.
