MarginReportV02secl.005.001.02

Definition: Provides the margin type using a code.

Type: MarginType1Code (String)

Allowed Values:

• SEMA (Settlement Risk Margin): Margin required to cover the risk of non settlement of the underlying. Also used to cover the risk linked to the non settlement on payment platforms (for example TARGET2 vs CLS).
• ADFM (Additional Default Fund Margin): Additional margin required to cover the daily risk encountered by the central counterparty before the clearing member is actually called to cover the default fund. Indeed, central counterparty calculates the margin on the default fund on a daily basis but only calls the clearing member at the end of the month.
• SCMA (Short Charge Margin): Margin required to cover the concentration risk linked to the default of the seller of the "protection" (for example CDS seller).
• COMA (Coupon Margin): Margin required to cover the non payment of the monthly premium (for credit derivatives).
• UFMA (Upfront Margin): Margin required to cover the non payment of the upfront premium (for credit derivatives).
• CEMA (Credit Event Margin): Margin required to cover the risk of any event linked to the underlying (for example the payment default by the issuer of a debt).
• INDE (Initial Deposit): Margin required to enable a member to start trading on a specific market where high risks and amounts are involved.
• NEMA (Negociation Margin): Margin calculated on the same basis as for the variation margin but the margin is kept by the central counterparty and not "paid " to the other clearing member.
• INMA (Initial Margin): Margin required for absorbing future market price fluctuations (market risks) occurring between the default of a member and close-out of unsettled securities positions by the central counterparty.
• VAMA (Variation Margin): Margin required to cover the risk linked to the price fluctuations occurred on the unsettled exposures towards central counterparty.
• INCA (Increase Coverage Amount): Additional margin required to cover a risk increase (expressed in the reporting currency). This results from a risk management decision depending on central counterparty specific criteria.