ISDA Wins Best Solution for Initial Margin Compliance, Project Award for Derivatives Innovation

Singapore/Hong Kong, 14 November 2019  ISDA (the International Swaps and Derivatives Association) has won the Best Solution in Initial Margin Compliance and an Outstanding Project award for its work in Derivatives Innovation in the 2nd Regulation Asia Awards for Excellence 2019 at a ceremony in Singapore on 13 November 2019.

In the Initial Margin Compliance category, ISDA Create – IM emerged as the winner for providing a unique solution to complex industry issues around capturing and updating data produced in the process of contract negotiation. As the deadline for initial margin compliance approaches for an increasing number of firms in the coming two years, the solution is especially important in helping to make the contract negotiation process more efficient and less time costly, while also removing the need for the post-execution transfer of data from negotiated documentation into internal systems.

ISDA Create – IM is a result of a partnership between ISDA and Linklaters and was the first platform that allows market participants to create, negotiate and execute complex trading documentation completely online, with speed, efficiency and low cost. Since its launch in early 2019, over 50 of the largest buy-side and sell-side firms have joined the live negotiation platform for initial margin documentation, and more than 160 phase five and six firms are actively testing the platform.

The judging panel has also elected to recognise ISDA for its outstanding work in Derivatives Innovation – for developing the first industry solution to address the lack of standards for how derivative trade events and processes are represented and managed, known as the ISDA Common Domain Model (CDM).

Recognised as a blueprint for derivatives lifecycle events, the CDM was created to enhance consistency and facilitate interoperability across firms and platforms, and to provide a foundation upon which new technologies can be applied to derivatives markets to increase automation and efficiency. The CDM is already in use by UK regulators in a digital regulatory reporting pilot.

ISDA has also recently held its second DerivHack with Barclays, where groups of developers used the CDM to build solutions for trading and managing securities and collateral. The ISDA CDM 2.0 is freely available to all market participants and technology providers to adopt, implement and deploy in their own production environments.

About the Regulation Asia Awards for Excellence 2019

Regulation Asia Awards for Excellence recognises technology companies, legal and consulting firms, and exchanges that have shaped the regulatory landscape in Asia Pacific, as well as outstanding technology projects both in mature and emerging markets by large tech firms and innovative startups that help meet the requirements of a specific regulatory change infrastructure.

For a full list of award winners, visit www.regulationasia.com/awards.

About Regulation Asia

Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. Since 2013, our audience and subscription base have grown to include regulatory bodies, exchanges, banks, asset managers and service providers, allowing us to play a key role in the regulatory agenda.

Visit www.regulationasia.com or connect via LinkedIn or Twitter.

For more information, please contact:

Charmaine Athaide
Director, Programme Coordinator
Regulation Asia
+65 9023 4274
[email protected]

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