Business urges deal with preliminary margin as a substitute of intraday VM

Market members are welcoming regulatory scrutiny on extreme intraday variation margin calls by clearing homes, however say there could also be higher options than these proposed thus far.

In a report on streamlining variation margin practices at central counterparties (CCPs), printed in February, the Basel Committee on Funds and Market Infrastructure and the Worldwide Group of Securities Commissions (CPMI-Iosco) issued an inventory of eight suggestions. The primary was to schedule extra