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Friday, August 30 marks the end of the U.S. AANA (Average Aggregate Notional Amount) calculation period for uncleared over-the-counter (OTC) derivatives. By next week, all U.S.-based firms should know whether they are in-scope (or not) to move Initial Margin (IM) beginning September 1, 2020.
What happens next?
Virtually all firms that are currently in-scope for the uncleared margin rules use AcadiaSoft’s IM Exposure Manager to reconcile IM. Since all in-scope firms are already engaged, IM Exposure Manager provides a central place to view estimated IM exposure from all in-scope dealer counterparties in a standard, low touch way.
Firms should not – and do not have to – face this compliance challenge alone. Being prepared to address these regulations in 2020, 2021 and beyond will save aggravation, time and money.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Alexander Boehm Chief Executive Officer at PayRate42
02 September
Azimkhon Askarov Co-partner at CONCRYT
Edvards Margevics Co-partner at CONCRYT
30 August
Ellen Roberson Global Marketing Advisor, Risk, Fraud & Compliance at SAS
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