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AANA SERVICE OVERVIEW

Calculating your Average Aggregate Notional Amount (or AANA) is a regulatory requirement, either for you or your counterparties, and is the first step in determining whether your firm is in-scope for Phase 6 of the UMR rules (>€8BN/$50BN/etc).

PHASE 6 FIRMS: READY FOR TOTAL AANA CONFIDENCE?

TONIC and CLOUDMARGIN OFFER AN AANA SERVICE YOU CAN TRUST

AANA BACKGROUND

Calculating your Average Aggregate Notional Amount (or AANA) is a regulatory requirement, either for you or your counter-parties, and is the first step in determining whether your firm is in-scope for Phase 6 of the UMR rules (>€8BN/$50BN/etc).

Initial Margin AANA Thresholds - Phase 5 and 6

Having an accurate and early view of your AANA is critical, but calculating AANA can be complex.

Data consolidation and normalisation, jurisdictional application and treatment of funds all need careful consideration and regulators will expect a robust process underpinning it. For more details on the AANA challenges faced by firms please see our AANA Calculation Guide.

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That’s why firms need an accurate view of AANA they can be confident in. Firms below the threshold can demonstrate their exclusion with confidence, whilst those above can take pro-active action - either for compliance readiness or deploying tactics to bring AANA down before the formal regulatory calculation period. With Tonic + CloudMargin, you have AANA partners with the expertise to help navigate it all.

AANA SERVICE OVERVIEW

Tonic and CloudMargin have teamed up to offer an AANA service you can trust.

Tonic’s regulatory experts will analyse your trading book and legal status to ensure the correct methodology for your firm’s AANA calculation is applied.

CloudMargin’s award-winning cloud technology will consolidate your data, normalise and calculate your AANA and provide dynamic real-time reporting of your AANA over time, by product and legal entity.

There are six service components to our joint AANA service:

1.     Regulatory Profiling

2.     Upfront AANA Calculation

3.     Ongoing AANA Calculations

4.     AANA Alerts & Dynamic Reporting

5.     Expertise-led Advice

6.     Breach Safety Net


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