Download your free Article from Margin Tonic! 

What is Initial Margin? 

This is the first of multiple Initial Margin (IM) articles written to help Phase 4 and 5 firms better understand, and prepare for, the key changes required to comply with the IM regulations.

This article includes:

  • An introduction to IM
  • IM Phase scope
  • Comparison of Variation Margin vs Initial Margin
  • The key IM changes
  • The impact of high group volumes within Phases 4 and 5
  • Delivery timescales for IM changes
  • A summary of the IM ISDA Advocacy paper