initial margin

Defined in Article 4, Capital Requirements Regulation (CRR)

Definitions over time (1)

1. 25/12/2019 – today applies on 12/11/2026 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act Also: IM

   For the purposes of this Regulation, the following definitions shall apply:

   ‘initial margin’ or ‘IM’ means any collateral, other than variation margin, collected from or posted to an entity to cover the current and potential future exposure of a transaction or of a portfolio of transactions in the period needed to liquidate those transactions, or to re-hedge their market risk, following the default of the counterparty to the transaction or portfolio of transactions;

Used in (31 places in 13 provisions on 12/11/2026)

Capital Requirements Regulation (CRR) (31 in 13)

Article 4³ · Article 285 · Article 287 · Article 301⁴ · Article 383a · Article 428ag · Article 428aq · Article 428ay · Article 428p · Article 429c · Article 497⁷ · Article 510² · Article 520⁷