Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

Variation Margin means margins collected or paid out to reflect current exposures resulting from actual changes in market prices;

Variation Margin means the collateral collected by a counterparty to reflect the results of the daily marking-to-market or marking-to-model of outstanding contracts referred to in Article 11(2) of Regulation (EU) No 648/2012;

Examples of Variation Margin in a sentence

Each time the net market value of all of Client’s open Transactions declines and the unrealised loss when marked to market further increases, Argentex may issue a Margin Call whereby Client is required to deliver additional Variation Margin in the amount stated in the Margin Call within one (1) clear Business Day.
No interest will be paid by Argentex to the Client in respect of any funds received from the Client with respect to the Services including Initial Margin and Variation Margin or in return for the issuance of Electronic Money.
Initial Margin and Variation Margin is transferred to Argentex absolutely by way of full title transfer, by way of a credit support transaction, and therefore may be used by Argentex in the ordinary course of Argentex’s business, and is not Client Money.
If Argentex determines, in its sole discretion, that the net market value of all of Client’s open Transactions (i.e., on a portfolio basis) has declined and the unrealised loss when marked to market exceeds the limit assigned to the Client, Argentex may advise the Client that they are required to deliver Variation Margin as stated in the Margin Call issued by Argentex.
The Client’s liability in respect of a Transaction is not limited to the amount of Initial Margin and Variation Margin called.

More Definitions of Variation Margin

Variation Margin means cash funds required when the net marked to market value of all open Orders exceeds 10%, or an alternative percentage or fixed amount as AFEX may advise, of the notional value of all open Orders.

Variation Margin means, in respect of every Product for each trading day, a reasonable estimate of the market value of such Product as determined by Exchange, in its sole discretion, considering the reasonable estimation of the current market value using internal and external sources for each Product. Should the Contracting Party dispute such determination, Exchange will investigate and determine, in its sole discretion, whether or not a recalculation should be undertaken and will advise the Contracting Party of its decision as soon as reasonably practicable.

Variation Margin means, in connection with an outstanding futures contract or option thereon owned or sold by the Trust, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract or option fluctuates.

Variation Margin has the meaning set out in clause 21.1

Variation Margin means that the Funds that are required as additional security from the Clients to supplement the Initial Margin if there is an adverse movement in the price of Transaction.

Variation Margin means the additional margin required from the Client to cover adverse exchange rate movements relating to existing Forward Trades.