Structured Finance and Securitization Communiqué

Scenic Toronto financial district skyline and modern architecture

July 25, 2023

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Recapping ISDA’s Annual Margin Survey

P. Jason Kroft, Simon Igelman, Mark Sandor, Vittoria Blanco

Introduction On May 9, 2023, the International Swaps and Derivatives Association (ISDA) released its annual survey examining the total initial margin (IM) and variation margin (VM) collected by leading derivatives market participants in 2022. ISDA is an international private trade...

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