IM Phase 5 Survey

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 6 being your least concern)?

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* 2. Industry advocates have suggested various Phase 5 impact-mitigation strategies. Which if any do you believe has the most chance of being enacted?

Raising the in-scope AANA threshold from $8bn to $100bn

Postponing mandatory compliance until the $50mn. IM threshold is breached

Excluding physically-settled FX swaps from the AANA calculation

Staggering the deadline by portfolio size

None of the above

Prefer not to answer

Question Title

* 3. How will your firm deal with the 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

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* 4. 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

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* 5. Which of these are you considering using?

MarginXChange (A&O, IHS Markit, SmartDX)

ISDA Create(ISDA, Linklaters)

Don’t know

Prefer not to answer

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

In-house

Third party Agents

Don’t know

Prefer not to answer

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* 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

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

In-house

Third Party Agents

Don’t know

Prefer not to answer

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* 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. In Collateral Management, will the Collaborative Ecosystem & Utilities Work?

Yes

Don't know

Prefer not to answer