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CALIFORNIA DEPARTMENT OF TECHNOLOGY NUMBER: DATE ISSUED: TECHNOLOGY LETTER TL 1305 SEPTEMBER 2013 SUBJECT: SIMM SECTION 57, INFORMATION TECHNOLOGY CAPITAL PLAN (ICP) INSTRUCTIONS REFERENCES: Government
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SIMM Section 57 information is data required to be reported by firms in accordance with the Standardised Initial Margin Model (SIMM) methodology.
Firms subject to the SIMM requirements, such as banks, broker-dealers, and other financial institutions, are required to file SIMM Section 57 information.
SIMM Section 57 information can be filled out by following the specific reporting guidelines provided by the regulatory authorities overseeing the SIMM requirements.
The purpose of SIMM Section 57 information is to ensure that firms are compliant with the initial margin requirements set forth by the regulatory authorities.
SIMM Section 57 information typically includes details on the firm's risk exposure, margin calculations, and other relevant data required for initial margin compliance.
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