Euroclear Uncleared Margin Rules Workshop

11 December 2018

We are all aware of the substantial challenges facing us as we move towards the implementation of the final phases of Initial Margin for Non-Centrally Cleared Derivatives - the Uncleared Margin Rules (UMR).

Looking ahead to increased margin call volumes, condensed settlement cycles, segregation requirements for Initial Margin and managing legal and counterparty risks - now is the time to ready ourselves for UMR waves 4 (September 2019) and 5 (September 2020). 

Ensuring your readiness for wave 4

During a workshop on 11 December, 2018, we explored possible solutions to the challenges ahead - with a particular focus on UMR wave 4. 

The presentation used includes a guide through the setup to ensure your readiness for UMR wave 4 in September 2019, explanations on account structure, legal documentation and an introduction to the operational steps.