Variation Margin

Acronym: MRVM
Identifier: variationMargin
Group: Margining
Type: Real
Default: ``

Description

MRVM reflects the accrued but not yet paid margin as per SD.
Open traded positions are revalued by the exchange at the end of every trading day using mark-to-market valuation. Often clearing members do not credit or debit their clients daily with MRVM, but rather use a Maintenance Margin. If the balance falls outside MRMML (and MRMMU), then capital must be added (is refunded) to reach the original margin amount MRIM. We can also say that MVO+MRVM is equal to the reference value as per last margin update.

Allowed Values

Positive