Built in partnership with Allen & Overy, SmartDX, and IHS Markit, Margin Xchange™ is an online platform built to seamlessly and efficiently cover all stages of mass repapering of derivatives contracts required to comply with Initial Margin (IM) regulations. It enables fully customized Initial Margin negotiations of CSA, custodial agreements, and eligible collateral schedules that connects banks, buysides and custodians to comply with uncleared margin rules.
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Reduce uncleared notional with MarkitSERV’s trade processing network
As uncleared margin rules (UMR) are phased in, the cost to trade and maintain uncleared OTC derivatives will increase. MarkitSERV is a global provider of end-to-end trade processing and workflow solutions and is the industry leader for cross-asset clearing connectivity, allowing firms to reduce their uncleared notional. MarkitSERV has connections to 15+ clearinghouses, 100+ dealers, 2500+ institutions and 70+ trading venues and provides firms with flexible connectivity options. Following Phases 1, 2 and 3 of UMR, MarkitSERV has seen exponential growth in newly cleared products such as NDF and FX Options.
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To efficiently manage portfolio margin, firms need the ability to quickly assess the impact of proposed trades, calculate accurate initial margin for completed trades, and seamlessly manage the margin exchange workflow. Our Initial Margin Calculation Service provides margin calculations within our existing Portfolio Valuations interface for OTC derivatives. We use the standard ISDA Standard Initial Margin Model (ISDA SIMM™) to deliver accurate calculations based on our trusted OTC derivatives valuations and risk sensitivities.
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Evolving global margin regulations require counterparties to post and receive collateral for cleared and bilateral OTC Derivatives. This requires firms to have robust collateral management processes in order to manage operational, legal and liquidity risk. Collateral Manager offers a highly-automated, end-to-end collateral management workflow tool that covers every aspect of the collateral management cycle in a secure, hosted environment, with no hardware or software deployments.
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