17 CFR 23.700
§ 23.700 Definitions.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
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- Citation
- 17 CFR 23.700, § 23.700 Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/66938
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Full text
As used in this subpart:
Initial Margin means money, securities, or property posted by a party to a swap as performance bond to cover potential future exposures arising from changes in the market value of the position.
Segregate means to keep two or more items in separate accounts, and to avoid combining them in the same transfer between two accounts.
Variation Margin means a payment made by or collateral posted by a party to a swap to cover the current exposure arising from changes in the market value of the position since the trade was executed or the previous time the position was marked to market.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.