ISDA Margin Survey 2013

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Table 4.4: Percentage of respondents proactively optimizing collateral delivered, by function within firms
All Large Medium Small
Front Office 49.3% 71.4% 43.8% 44.8%
Operations 20.0% 21.4% 21.9% 17.2%
Credit 6.7% 0.0% 9.4% 6.9%
Corporate Treasury 10.7% 0.0% 9.4% 17.2%
Other 13.3% 7.1% 15.6% 13.8%
Respondents were asked to report the daily USD equivalent of collateral paid and received and the average daily
number of incoming and outgoing margin calls for the period January 1 to December 31, 2012.
Table 4.5: Collateral Margin Calls & Movements
Note: Average – Average amount of collateral/number of margin calls per respondent
Total – Total amount of collateral/number of margin calls for the corresponding size group
All Large Medium Small
In USD millions Total Avg. Range Total Avg. Total Avg. Total
Average daily equivalent of
collateral paid
42,385 2,399 745 - 4,976 33,593 230 7,605 47 1,187
Average daily equivalent of
collateral received
39,769 2,266 750 - 3,931 31,719 216 6,897 46 1,153
Average daily number of
incoming margin calls
8,834 507 217 - 784 7,095 42 1,401 13 338
Average daily number of
outgoing margin calls
9,840 584 153 - 877 8,169 41 1,356 12 314
As table 4.5 illustrates the ratio of the average of large firm margin call and movement activity far exceeds the
averages for both medium and small firms. Large firms are responsible for more than 90 percent of the margin
call activity and as such, continue to take the initiative to further standardize and automate the margin call
process.
ISDA Margin Survey 2013 June 2013