Variation margin amount
Variation margin amount means the fair value amount of the variation margin, as adjusted by the standard supervisory haircuts under 324.132(2)(ii), as applicable, that a counterparty to a netting set has posted to a FDIC-supervised institution less the fair value amount of the variation margin, as adjusted by the standard supervisory haircuts under 324.132(b)(2)(ii), as applicable, posted by the FDIC-supervised institution to the counterparty.