ISDA Regulatory Margin Self-Disclosure Letter

The ISDA Regulatory Margin Self-Disclosure Letter (the “ISDA SDL”) is a tool intended to assist market participants with the exchange of the necessary information to determine if, and when, their trading relationship will become subject to regulatory margin requirements for non-cleared derivatives.  The ISDA SDL’s standardization of the information exchange enables market participants to identify and classify themselves and their counterparties by disclosing information, which includes general biographical information, entity status and cross-border status under the applicable margin regulations and notional thresholds for the purposes of determining phase-ins under the regulations.

The ISDA SDL includes embedded logic to allow market participants to answer the fewest number of questions but still provide counterparties with the information necessary to determine if, and when their trading relationship will become subject to margin requirements.  As of October 28, 2016, the ISDA SDL is available on ISDA Amend (the “ISDA Amend SDL Tool”).  The ISDA Amend SDL Tool provides the additional efficiency of electronic submission of the information needed and benefits from information previously provided on ISDA Amend.  The initial jurisdictions covered by the ISDA Amend SDL Tool are Canada, the European Union, Japan, Switzerland and the US (CFTC and Prudential regulator requirements).  The ISDA Amend SDL Tool will be expanded to cover additional countries when margin regulations are finalized in additional jurisdictions.  Submission of data via the ISDA Amend SDL Tool allows market participants to share a single data entry with multiple counterparties, track responses, reconcile and automate large volumes of information consumption.  To the extent possible, the ISDA Amend SDL Tool will leverage the current information that clients have already submitted on ISDA Amend.

The ISDA Amend SDL Tool can be accessed here: https://www.markit.com/Product/ISDA-Amend  


DateTitle / DescriptionDocuments
January 24, 2017
ISDA Regulatory Margin Self-Disclosure Letter - Japanese Translation
The ISDA Regulatory Margin Self-Disclosure Letter, published on June 30, 2016, is intended to assist market participants with the exchange of the information necessary to determine if, and when, their trading relationship will become subject to regulatory margin requirements for uncleared swaps in one or more of the following jurisdictions: (i) Canada, (ii) the European Union, (iii) Japan, (iv) Switzerland, and (v) the United States.
WGMR_Self-Disclosure-Letter_Jtran.pdf
January 9, 2017
ISDA Regulatory Margin Self-Disclosure Letter - French Translation
The ISDA Regulatory Margin Self-Disclosure Letter, published on June 30, 2016, is intended to assist market participants with the exchange of the information necessary to determine if, and when, their trading relationship will become subject to regulatory margin requirements for uncleared swaps in one or more of the following jurisdictions: (i) Canada, (ii) the European Union, (iii) Japan, (iv) Switzerland, and (v) the United States.
MONTREAL-8519686-v4-1612-031_ISDA_3534583612WGMR-Self-Disclosure-Letter....pdf
December 23, 2016
ISDA Regulatory Margin Self-Disclosure Letter - Singapore
The ISDA Regulatory Margin Self-Disclosure Letter - Singapore Supplement published on December 23, 2016 is intended to assist market participants with the exchange of the information necessary to determine if, and when, their trading relationship will become subject to regulatory margin requirements for uncleared swaps in Singapore.
ISDA-Regulatory-Margin-Self-Disclosure-Letter_Singapore_Supplement.pdf ISDA-Regulatory-Margin-Self-Disclosure-Letter_Singapore_Supplement_fillable.pdf
December 23, 2016
ISDA Regulatory Margin Self-Disclosure Letter - Hong Kong
The ISDA Regulatory Margin Self-Disclosure Letter - Hong Kong Supplement published on December 23, 2016 is intended to assist market participants with the exchange of the information necessary to determine if, and when, their trading relationship will become subject to regulatory margin requirements for uncleared swaps in Hong Kong.
ISDA-Regulatory-Margin-Self-Disclosure-Letter_HK-Supplement_final.pdf ISDA-Regulatory-Margin-Self-Disclosure-Letter_HK-Supplement_fillable.pdf
December 23, 2016
ISDA Regulatory Margin Self-Disclosure Letter - Australia
The ISDA Regulatory Margin Self-Disclosure Letter -Australian Supplement published on December 23, 2016 is intended to assist market participants with the exchange of the information necessary to determine if, and when, their trading relationship will become subject to regulatory margin requirements for uncleared swaps in Australia.
ISDA-Regulatory-Margin-Self-Disclosure-Letter_AU_Supplement.pdf ISDA-Regulatory-Margin-Self-Disclosure-Letter_AU_Supplement_fillable.pdf
December 1, 2016
ISDA Amend Webcast: Launch of the Variation Margin Protocol
ISDA Amend 2.0 includes a new protocol to enable market participants adhere to the variation margin requirements under various legal jurisdictions. Following on from our overview of the Self-Disclosure Letter, the next step requires participants to amend Credit Support Annexes (CSAs) to address regulatory compliance. This joint webcast with IHS Markit helps market participants prepare for the upcoming uncleared margins deadline.
ISDA Amend 2.0 – Variation Modular Protocol-20161201 1451-1.mp4 ISDA Amend 2 0_webcast_Dec 01 2016 FINAL2 updated.pdf
October 26, 2016
ISDA Amend Webcast: Are you prepared for the next wave of margin rules?
Jurisdictions around the world are implementing regulatory margin requirements for non-cleared derivative transactions. ISDA Amend 2.0 includes new functionality to allow market participants to exchange information to determine if their trading relationships are subject to margin requirements. This joint webcast with IHS Markit helps market participants prepare for the upcoming regulatory deadlines.


ISDA Amend Webcast: Are you prepared for the next wave of margin rules?

isda161026.pdf
September 1, 2016
Margin for Non-cleared Derivatives: ISDA Initiatives
The introduction of new margin requirements for non-cleared derivatives will transform how firms use derivatives, and will require significant changes to infrastructure, processes, models and documentation. ISDA has been working on a number of initiatives to help firms meet the rules.
Margin for Non-cleared Derivatives ISDA initiatives.pdf
August 11, 2016
ISDA Amend Webcast: Are you ready for the margin rules?
ISDA Amend 2.0 includes new functionality to allow market participants to implement the new margining requirements for non-cleared derivatives, as well as the ability to inform counterparties about elections they have made under the ISDA Resolution Stay Jurisdictional Modular Protocol (ISDA JMP). This joint webcast with IHS Markit helps market participants prepare for the upcoming regulatory deadlines.
ISDA Amend Webcast: Are you ready for the margin rules?
ISDA Amend 2 0_webcast_Aug 11 2016 (final).pdf
June 30, 2016
ISDA Regulatory Margin Self-Disclosure Letter
The ISDA Regulatory Margin Self-Disclosure Letter, published on June 30, 2016, is intended to assist market participants with the exchange of the information necessary to determine if, and when, their trading relationship will become subject to regulatory margin requirements for uncleared swaps in one or more of the following jurisdictions: (i) Canada, (ii) the European Union, (iii) Japan, (iv) Switzerland, and (v) the United States.
WGMR_Self_Disclosure_Letter_Template_clean.pdf WGMR Self Disclosure Letter fillable-pdf.pdf