5442. Swap counterparty margin requirements

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    1. The counterparty to the swap agreement is considered the Dealer Member’s client and the minimum margin the Dealer Member shall obtain from the swap client is as follows:

      1. where the swap client is an acceptable institution, no margin, or

      2. where the swap client is an acceptable counterparty or regulated entity, any market value deficiency calculated relating to the swap agreement, or

      3. where the counterparty is an other counterparty, any loan value deficiency calculated relating to the swap agreement determined by using the same approach as set out in sections 5440 and 5441 for Dealer Member swap positions.

    5443. - 5449.  Reserved.

    There is no history log for this rule.

    There is no history log for this rule.