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IM Calculation Changes

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