Calculation of Initial Margin. Zero Hash may publish Initial Margin requirements for Transaction Platform Contracts on the Zero Hash System after the close of each trading day. The Initial Margin requirements calculated and published by Zero Hash on a particular day are used by each Transaction Platform according to its respective rules and procedures. Zero Hash may, in its sole discretion, accept Fiat Currencies or any other asset as Zero Hash determines, for Initial Margin requirements. If such rules are applicable, to effect such conversion, Zero Hash will apply a Haircut, if any, for each currency. In the event no margin Haircut value is prescribed for the form of margin, the Haircut rate will be determined by Zero Hash. Fiat Currency conversions use data provided and published daily by the European Central Bank, or any other provider selected by Zero Hash in its sole discretion. Zero Hash, in its sole discretion, may select a provider for any asset conversation rates for purposes of Initial Margin or otherwise. All Haircuts and exchange rates are published by Zero Hash along with the Initial Margin requirements on the Zero Hash System.
