This is the second of multiple Initial Margin (IM) articles written to help Phase 4 and 5 firms better understand, and prepare for, the key changes required to comply with the IM regulations.

This article includes:

• ISDA SIMM vs Schedule calculations
• Market application of IM calculations so far
• SIMM calculation rules
• Breakdown of the SIMM calculation
• SIMM process flows
• Key IM calculation changes
• Buy vs Build factors

Read our latest blog on the new UMR updates here!