ISDA® Amend Webcast on the Variation Margin Protocol
As European financial counterparties start gearing up for the 01 March 2017 deadline for posting Variation Margin, your institution may have received requests to sign-up to a new CSA, amend your current CSA to comply with the margin regulations, or sign-up to the Variation Margin Protocol.
The Variation Margin Protocol is a questionnaire-style protocol where adhering parties have to complete a questionnaire, exchange questionnaires with each of their counterparties and then match the necessary elections made in the questionnaire to determine whether adherence to the protocol has been achieved.
ISDA® recently hosted a very useful webcast on the Variation Margin Protocol and how parties can use the ISDA® Amend 2.0 platform in order to complete the questionnaires, match them and adhere to the Variation Margin Protocol.
The link to the webcast can be found on the ISDA® website.