Variation margin amount

Variation margin amount means the fair value amount of the variation margin, as adjusted by the standard supervisory haircuts under 3.132(2)(ii), as applicable, that a counterparty to a netting set has posted to a national bank or Federal savings association less the fair value amount of the variation margin, as adjusted by the standard supervisory haircuts under 3.132(b)(2)(ii), as applicable, posted by the national bank or Federal savings association to the counterparty.

Source

12 CFR § 3.2


Scoping language

As used in this part:

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