01
Fundamentals of VM
Learn more about the purpose of variation margin and how it works on a day to day basis.
02
How does VM work?
VM is a daily calculation which uses the end-of-day valuations of all the trades in a portfolio. Learn more about how it works.
03
Fundamentals of IM
Learn more about the purpose of initial margin and how it works on a day to day basis.
04
How is IM Calculated?
In most cases IM is re-calculated daily to reflect the changing composition of the portfolio, changing market conditions and daily updates to scenarios.
05
How does IM work?
A worked example of IM
