HazelTree Looks to Get Ahead of UMR Phases 5 & 6 with AcadiaSoft Partnership

As a result of UMR, the vendor forecasts the buy side will attempt to minimize its risk, and will pay big if it doesn't.

six steps

Phase five of the Uncleared Margin Rules (UMRs) for non-cleared derivatives, which applies to firms with an average aggregate notional amount (AANA) greater than $50 billion in their derivatives portfolio is set to go live September 1 of this year. As the threshold shrinks toward $8 billion next year, as part of the sixth and final phase, nearly all of the buy side will have taken on the cost of the new regulation—and the riskier they are, the more they’ll have to pay.

Prior to the rules, banks

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