Page 20 - 期貨和衍生品行業(yè)監管動(dòng)態(tài)（2024年4月）
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期貨和衍生品行業(yè)監管動(dòng)態(tài)
時(shí)候都多，并且每年都將有更多的公司進(jìn)入監管范圍。這極大地降低了交易對手
方信用風(fēng)險，但也意味著(zhù)需要籌集大量的高質(zhì)量流動(dòng)資產(chǎn)以滿(mǎn)足追加保證金需要，
擔保品管理流程必須盡可能高效。”
ISDA 正在采取多項措施，將通用領(lǐng)域模型（Common Domain Model）（一
種用于金融產(chǎn)品、交易和生命周期事件的開(kāi)源數據標準）應用于擔保品管理文件、
擔保品陳述及保證金和結算流程，以增加自動(dòng)化程度，提高效率，并降低操作、
流動(dòng)性和交易對手風(fēng)險。
ISDA Margin Survey Shows $1.4 Trillion in Margin Collected at Year-end 2023
(2024/4/16)
ISDA has published its latest margin survey, which shows that $1.4 trillion of
initial margin (IM) and variation margin (VM) was collected by 32 leading
derivatives market participants for their non-cleared derivatives exposures at the end
of 2023, unchanged from the previous year.
The $1.4 trillion total comprised $462.0 billion of IM and $944.5 billion of VM,
compared to $325.7 billion of IM and $1.1 trillion of VM at the end of 2022. The 32
firms covered by the ISDA Margin Survey included all 20 of the firms subject to the
first phase of regulatory IM requirements for non-cleared derivatives in September
2016 (phase-one entities), five of the six phase-two firms and seven of the eight
phase-three entities.
Total margin received by the 20 phase-one firms was $1.3 trillion, a fall of 0.6%
from the previous year. This included $432.3 billion of IM (a 40.8% increase versus
2022) and $851.0 billion of VM (a decline of 13.5%).
The survey also reports the amount of IM posted by all market participants to
major central counterparties. Total IM posted for cleared interest rate derivatives (IRD)
and single-name and index credit default swaps (CDS) reached $392.2 billion at the
end of 2023, a rise of 2% compared to the year before. Of this, $331.8 billion was
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