Are you ready for UMR? 

Through seven key considerations, this paper explores the IM regulations and challenges to be tackled from the perspective of a collateral management and OTC derivatives operations leader. It is designed to help the reader understand what to consider, within a specific timeframe, and how to meet their compliance date across the areas of law, risk, operations and technology.

• Have you allowed enough time?
• Are you in scope?
• Have you understood the operational impact of exchanging IM?
• Have you considered the many implementation approaches?
• How will your firm calculate IM?
• Have you selected a custodian or triparty agent?
• Have you begun work on the legal documentation?