Ask yourself: Is your firm still sending margin calls via email attachments? If so, you are three standard deviations behind the market. The era of the siloed OTC workflow is dead. The era of is here. Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Firms should consult with qualified vendors and legal counsel regarding specific OTC NGIS and CDRAR implementations.
Introduction: The Perfect Storm in OTC Derivatives The world of Over-the-Counter (OTC) derivatives is undergoing its most significant operational upheaval since the 2008 financial crisis. Between the final phases of the Uncleared Margin Rules (UMR), the global push toward T+1 settlement, and the evolution of Initial Margin (IM) calculations, financial institutions are drowning in data complexity. otc ngis software suite cdrar
Enter the and CDRAR . While these terms are often whispered in the corridors of prime brokerage and collateral management, they remain opaque to many market participants. Ask yourself: Is your firm still sending margin