Phase 5 of the Uncleared Margin Rules (UMR) came into effect on 1 September 2021. Coremont led the implementation of UMR for Brevan Howard, the first buy side firm in scope for UMR Phase 3. In this insight paper we share some of the insights that we’ve gathered over the course of multiple implementations, focusing on the less obvious aspects of UMR.

There are many ways to approach UMR and a lot of ways to build, and manage an implementation plan. It is extremely important to consult with a firm, such as Coremont, that has demonstrable experience to help your firm save margin and operate in a more robust, efficient and cost effective way.