Understanding Uncleared Margin Rules: How Financial Institutions Can Decode and Navigate UMR Whitepapers October 22, 2021 In September 2021, a new threshold for Initial Margin (IM) under Uncleared Margin Requirements (UMR) came into effect under Phase 5. This will pose a considerable operational and technological challenge for all in-scope market participants. For many, simply determining if they are in-scope is a challenge in itself. Across Asia Pacific (APAC), the Americas, Europe, South Africa and the UK, the impact of UMR will resonate globally with the added challenge of local thresholds. In this report, we will examine the background of Uncleared Margin Rules, what the Phase 5 and 6 implementation dates will mean for financial institutions, who is in scope, what to expect from the phased implementation, the impact felt by FIs across the globe, and how to tackle the most common UMR challenges with effective technology and automation. Download Understanding Uncleared Margin Rules: How Financial Institutions Can Decode and Navigate UMR Select Institution Type Academia Analyst House Asset Manager Broker/ Dealer Building Society Capital Markets Central Bank Commercial Bank Community Bank Corporate and Investment Credit Union Custodian Digital Bank Fintech Government Agency Hedge Fund Insurance Investment Bank Investment Manager - Buy-side Media MSB - Money Services Business Mutual Bank Prime Brokerage Private Bank Private Equity Retail and Wealth Retail Bank Securities Stock Broker Stock Exchange Unknown Various Streams Venture Capital Wealth Manager Country Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burma Burundi Cambodia Cameroon Canada Cape Verde Central African Republic Chad Chile China Colombia Comoros Congo, Democratic Republic of the Congo, Republic of the Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Fiji Finland France Gabon Gambia Georgia Germany Ghana Greece Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Holy See Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati Korea, North Korea, South Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Monaco Mongolia Montenegro Morocco Mozambique Namibia Nauru Nepal Netherlands Netherlands Antilles New Zealand Nicaragua Niger Nigeria North Korea Norway Oman Pakistan Palau Palestinian Territories Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Qatar Romania Russia Rwanda Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon Islands Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor-Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela Vietnam Yemen Zambia Zimbabwe I confirm that I would like to receive emails from Fenergo Click here to view a copy of our privacy policy View Resource Fenergo News & Resources See all Resources hello@fenergo.com Contact us Solutions for Commercial, Business & Retail Banking Corporate & Institutional Banking Private Banking & Wealth Management Asset Management & Asset Servicing Quick links Press Room Events Our Clients Cookie Policy Recruitment Privacy Notice Document Portal The company The Company Management Team Board of Directors Growth Advisory Board Press Room Events © 2021 Fenergo. All rights reserved Privacy Policy Cookies Button Please click on "Cookie settings" to set your preferences for the storing of cookies on your device. Cookies helps enhance site navigation, analyze site usage, and assist in our marketing efforts. Privacy & Cookie Statement Accept All Cookies Reject All Cookies Settings