Numerix Announces ISDA SIMM™ Initial Margin Functionality is Now Available in Oneview Derivatives Pricing and Risk System

New York, NY – April 9, 2019

Numerix, the leader in risk technology, today introduces a new initial margin module utilizing ISDA’s Standard Initial Margin Model (ISDA SIMM™) methodology in its award-winning derivatives pricing and risk system, Numerix Oneview. Built on cutting-edge derivative models and a high-performance compute engine, Oneview provides a holistic view of the entire derivatives business across the front and middle offices. As an officially licensed vendor of ISDA SIMM™, Numerix will offer a unique and full-featured initial margin solution for institutions who trade non-cleared derivatives.

The final phases of uncleared margin rules coming into effect on September 1, 2019 (Phase 4) and 2020 (Phase 5) will present significant challenges to market participants that fall into scope. Known in the industry for its unmatched quantitative expertise and its ability to model the most complex exotics, Numerix is uniquely suited to address the non-cleared derivatives space, where the products are highly specialized and now subject to margining.

"No other system on the market provides the breadth and depth of functionality for derivatives businesses. With ISDA SIMM™ analytics for deeper insights into margin drivers, plus comprehensive XVA measures, market risk and counterparty risk analytics, and regulatory capital calculations, Oneview provides traders and risk managers with a multi-dimensional view of their business, front-to-risk,” says Satyam Kancharla, Chief Strategy Officer and SVP at Numerix.

ISDA SIMM™ Functionality Is Now Available

The new initial margin module generates risk sensitivities and aggregates them into buckets as prescribed by ISDA SIMM™. It then produces the ISDA SIMM™ CRIF (Common Risk Interchange Format) files and initial margin calculations to facilitate fast and smooth margin reconciliations with counterparties. The module also supports ISDA SIMM™-specific cross-currency swap treatment and provides configurable ISDA SIMM™ parameters and sensitivities for added flexibility.

In forthcoming releases, Oneview will provide more than just basic margining functionality. Users can expect advanced ISDA SIMM™ analytics for deeper insights into margin drivers, plus real-time initial margin calculations integrated into Oneview’s pre-deal checks so traders can understand the margin impact of new trades before execution.

Kancharla concludes: “Our users demand powerful insights to make better decisions, reduce margin costs, drive more profit, and reduce risk in the non-cleared derivatives book. Oneview for Margin will be the solution to help them get there.”


About Numerix

Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence capabilities for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more about Numerix:

PR Contact:
Emily Jean-Pierre
Vice President of Corporate Communications
P: +1 646 898 1294

*Licensed from International Swaps and Derivatives Association, Inc. (ISDA), All Rights Reserved. Please note that your use of this ISDA SIMM™ service or product for calculating your firm’s initial margin pursuant to applicable regulations requires a license from the International Swaps and Derivatives Association, Inc., which may be obtained by contacting Licensing the ISDA SIMM™ provides documentation and support required to properly implement and maintain the ISDA SIMM™.

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