IM Phase 5 Survey (08.05.2019)

The Questionnaire

Please note that all responses will be treated in confidence and results will only be shared on a 'no name' basis.

Question Title

* 1. Which of the following do you perceive to be the biggest challenge in implementing IM (with 1 being your greatest concern and 4 being your least concern)?

Question Title

* 2. Given the recent BCBS/IOSCO (and CFTC) guidance with respect to sub-threshold Phase 5 entities, in order to facilitate accurate monitoring of IM exposure with counterparties that have not yet exceeded the IM exposure threshold would you consider

1. Executing IM CSA documentation in advance

2. Confirming necessary information and elections via an “enhanced SDL” (or similar)

3. Informal exchange of information and elections between collateral management/operations teams

4. Any of the above (depending upon counterparty preference)

5. None of the above

Question Title

* 3. If you answered 1 to 4 for Question 2, please also complete the following:
What would you consider to be the appropriate IM exposure trigger point to start to negotiate IM documentation?

£5,000,000

£10,000,,000

£15,000,000

£20,000,000

£25,000,000

£30,000,000

£35,000,000

£40,000,000

£45,000,000

£50,000,000

Question Title

* 4. How will your firm deal with the IM documentation challenge?

In house using existing resources

Hiring temporary via a legal services provider

Hiring temporary staff directly

Outsourcing to a legal services provider

Don’t know

Prefer not to answer

Question Title

* 5. Do you have a preference as to IM Documentation Suite - Phase 1 or Next Generation?

Phase 1

Next Generation

Will be guided by client choice

Don’t know

Prefer not to answer

Question Title

* 6. How do you intend to operate/monitor SIMM?

In-house

Third party Agents

Don’t know

Prefer not to answer

Question Title

* 7. What is your preferred choice of custodian model?

TriParty

Third Party

Will be guided by client choice

Don’t know

Prefer not to answer

Question Title

* 8. How do you intend to deal with custodian onboarding/KYC?

In-house

Third Party Agents

Don’t know

Prefer not to answer

Question Title

* 9. Which collateral assets do you wish to post/receive?

Cash

Money Market funds

Government Securities

Corporate Securities

Equities

Gold

Don’t know

Prefer not to answer

Question Title

* 10. Do you think that the emergence of the “collaborative ecosystem” and the availability of utilities will help solve the collateral management challenge posed by IM?

Yes

Don't know

Prefer not to answer

IM Phase 5 Survey (08.05.2019)

The Questionnaire

Question Title

* 1. Which of the following do you perceive to be the biggest challenge in implementing IM (with 1 being your greatest concern and 4 being your least concern)?

Question Title

* 2. Given the recent BCBS/IOSCO (and CFTC) guidance with respect to sub-threshold Phase 5 entities, in order to facilitate accurate monitoring of IM exposure with counterparties that have not yet exceeded the IM exposure threshold would you consider

Question Title

* 3. If you answered 1 to 4 for Question 2, please also complete the following:What would you consider to be the appropriate IM exposure trigger point to start to negotiate IM documentation?

Question Title

* 4. How will your firm deal with the IM documentation challenge?

Question Title

* 5. Do you have a preference as to IM Documentation Suite - Phase 1 or Next Generation?

Question Title

* 6. How do you intend to operate/monitor SIMM?

Question Title

* 7. What is your preferred choice of custodian model?

Question Title

* 8. How do you intend to deal with custodian onboarding/KYC?

Question Title

* 9. Which collateral assets do you wish to post/receive?

Question Title

* 10. Do you think that the emergence of the “collaborative ecosystem” and the availability of utilities will help solve the collateral management challenge posed by IM?

* 3. If you answered 1 to 4 for Question 2, please also complete the following:
What would you consider to be the appropriate IM exposure trigger point to start to negotiate IM documentation?