Phases 1 through 4 of the Uncleared Margin Rules have been a tremendous challenge for the industry. Phases 5 & 6 – which will introduces a completely new segment – the buy-side - to the world of Initial Margin is expected to be even more so. ISDA estimates put the new contract pairs that would require IM documentation for phases 5 & 6 at over 5 thousand.
In order to support the industry in overcoming the challenge of UMR, Euroclear has worked with ISDA to create a robust legal framework.
Find out more in this short video presentation.