APAC Fund Manager Briefing: Getting ready for Phase 6 of the Uncleared Margin Rules

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AIMA APAC invites you to join our FMB webinar on 11 January 2022.

For funds with an Aggregate Average Notional Amount (AANA) over US$8 billion in OTC derivatives, regulations require posting of Initial Margin (IM) through a 3rd party custodian.

The legal, custodial and operational aspects require engagement with a number of external parties, and will take 6-9 months on average. For alternative managers with a significant derivatives book, there are certain activities which should be performed well ahead of the September 2022 deadline, to determine whether an IM custodian is required, how IM needs to be calculated (SIMM/Grid), and how to manage the operational complexity of posting and receiving collateral. Not least, the need to identify suitable collateral to post given the ineligibility of cash.

Join us for a discussion of the key aspects you should consider in getting ready, from options for calculating your IM, managing calls and disputes, and ultimately posting IM under a regulatory compliant account control agreement.

Speakers:

Michael Bugel, Managing Director, Co-head of APAC, AIMA
Filippo Santilli, APAC Cross Sales, Global Markets Infrastructure, BNY Mellon
Mark Higgins, EMEA and APAC Senior Product Manager, BNY Mellon Markets
Yaron Katz, Head of Risk Operations, Coremont LLP
Craig Pearson, Director, Margin Tonic Consulting