LONDON, Feb 20 (Bernama-BUSINESS WIRE) — SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced its partnership with Numerix, the leading provider of risk technology solutions. SmartStream has a referral agreement in place with Numerix to better support its end users in complying with ISDA’s margin requirements for non-centrally cleared derivatives.
In order to facilitate the BCBS-IOSCO guidelines for margin requirements relating to OTC derivatives, ISDA has proposed a Standard Initial Margin Model (SIMM™) to be used by market participants to provide transparency in the collateral management space.