The Federal Reserve Bank of Chicago has developed software that will enable banks to estimate the aggregate amount of collateral required to apply financial reform initiatives in any jurisdiction. The Derivatives Collateral Estimation Tool can also be used to estimate the amount of collateral needed to accommodate future growth.

The software is designed to help central banks and other authorities make informed public policy decisions when implementing new regulations. The Chicago Fed is not planning to use the program to make its own collateral estimates.

Click here for the release from Federal Reserve Bank of Chicago.