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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here