ISDA Publishes Annual Survey on Derivatives Margin

In its newly published 2019 annual margin survey, ISDA found that the initial margin ("IM") collected for non-cleared derivatives trades by the 20 largest market participants rose by ten percent over the previous year.

In the "ISDA Margin Survey Year-End 2019," ISDA found that the 20 largest market participants (or "phase-one firms") collected nearly $173.2 billion in IM for their non-cleared derivatives transactions in 2019. ISDA stated that, of the $173.2 billion in initial margin, (i) $105.2 billion was obtained from counterparties within the scope of regulatory IM requirements and (ii) $68.0 billion was obtained from counterparties or transactions not within the scope of regulatory IM requirements.