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Uncleared Margin Rules compliance

Simplifying Uncleared Margin Rules (UMR)

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Industry standard solutions to help firms meet their UMR goals

We provide industry standard services to assist global firms in managing their initial margin requirements as part of the UMR regulatory framework.

UMR are global regulations designed to reduce systemic risk in the over-the-counter (OTC) derivatives market by requiring firms to post margin for uncleared trades. These rules, introduced in phases since 2016, ensure that financial institutions have sufficient collateral to cover potential losses, promoting stability and transparency. UMR applies to firms exceeding specific trading thresholds – known as AANA calculation, requiring them to exchange both initial and variation margin with counterparties. 

Find out how our team can assist your firm with UMR compliance.

UMR solutions

Leverage scaleable solutions or speak to our expert consulting team to assist with any aspect of your UMR journey

Calculating AANA

The first step towards compliance with the regulatory requirements for non-centrally cleared derivatives is to determine if your firm is in scope for the rules. Read our guide and find out more about how to calculate your Average Aggregate Notional Amount (AANA).

More on calculating AANA

UMR compliance solutions

Discover our Risk Services Suite that assists firms in complying with UMR. From sensitivities calculations to initial margin reconciliation, we have you covered.

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Model Risk Management and Validation

Our experts help you to efficiently and effectively deliver their model validation program and manage targeted reviews by utilising a strict model risk quantification process.

More on Model Risk Management and Validation

ISDA SIMM Models

We maintain an open source version of the 10 day and 1 day ISDA SIMM Models on Github. Use of the model is free. We ensure that it’s always up-to-date and it passes the ISDA unit test. However, to use the ISDA SIMM model you must still license it from ISDA. 

Access to Github

Driving the derivatives industry forward

We offer more than just Uncleared Margin Rules compliance. Find out how we can advise your portfolio.

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By submitting this form, you agree to your personal data being shared within the London Stock Exchange Group of companies (LSEG) for the purpose of receiving communications via post, phone and electronic means from LSEG about event, resources, products, and/or services.

For more information on how LSEG uses your data, see our Privacy Statement. You can adjust your preferences at any time through the preference link in any electronic communication that you receive from us.

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