ISDA® 2016 VARIATION MARGIN PROTOCOL

“OTC derivatives counterparties simply cannot afford to miss this vital course which explains and simpliies all facets of the new 2016 Variation Margin documentation framework.”

ISDA® 2016 VARIATION MARGIN PROTOCOL

The ISDA® 2016 Variation Margin (VM) Protocol sets out a new and highly complex documentation framework governing regulatory requirements for non-cleared over-the-counter (OTC) derivatives across multiple regulatory systems (e.g. United States (US), Canada, European Union (EU). New regulatory requirements set out new minimum mandatory variation margin requirements (e.g. marked-to-market, eligibility, thresholds, haircuts) that are required to be implemented by non-cleared OTC derivatives counterparties. However, the new VM Protocol and VM Credit Support Annex (VM CSA) also introduce a bewildering array of different compliance methodologies (i.e. Amend Method, Replicate and Amend Method, New Method, CSA Amendments, New CSA) and new provisions. This training course aims to provide attendees with comprehensive knowledge and understanding of how the new framework operates, what are the different compliance methodologies that can be invoked, and what key provisions should be negotiated and documented under the new VM CSA framework.

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Disclaimer

ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc., and Storm-7 Consulting Limited is neither sponsored by nor affiliated with the International Swaps and Derivatives Association, Inc. (ISDA), and the public is hereby informed that Storm-7 Consulting Limited holds no commercial, private, or other relationship with ISDA.