initial margin
Definitions over time (1)
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15/03/2013 – 15/06/2016 Article 1, Commission Delegated Regulation (EU) No 153/2013 Scope: Whole act
For the purposes of this Regulation, the following definitions apply:
‘initial margin’ means margins collected by the CCP to cover potential future exposure to clearing members providing the margin and, where relevant, interoperable CCPs in the interval between the last margin collection and the liquidation of positions following a default of a clearing member or of an interoperable CCP default;
Other definitions of this term in this act (1)
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