Initial margin
- Japanese
- 当初証拠金
- Last reviewed
- September 24, 2026
This is a draft, shown for review before publication.
Initial margin is margin deposited in advance to cover losses that could arise from changes in market value after a participant defaults, until its trades are closed out.
Related terms
Explained in detail
Pages that use this term
- How Hedge Funds Use Derivatives
- Exchange-Traded vs OTC Derivatives
- Option Strategies
- Valuing an Interest Rate Swap
- Equity Index Futures
- Equity Swaps and Total Return Swaps
- Collateral and Discounting
- Overview of XVA
- ISDA SIMM: The Standard Model for Initial Margin
- Wrong-Way Risk
- Risk Reduction through Netting and Collateral
- Overview of the Regulatory Treatment of Counterparty Risk
- Counterparty Risk and XVA
- Funding Variation and Initial Margin
- Handling Margin Calls
- Sourcing and Substituting Collateral
- Derivatives in LCR and NSFR
- The Leverage Ratio
- Collateral Operations
- Regulatory Reporting
- Front-to-Back System Architecture
- Intragroup Back-to-Back Trades
- The Credit Support Annex (CSA)
- Japan's Close-Out Netting Act
- Central Counterparties: JSCC, LCH, CME and Others
- CCP Default Management
- Post-Trade Efficiency Services
- The Financial Instruments and Exchange Act and Derivatives
- Supervisory Guidelines of the Financial Services Agency
- The Roles of the CFTC and SEC
- Dodd-Frank Act Title VII
- Swap Dealer Registration
- EMIR
- UK EMIR
- The G20 OTC Derivatives Reforms
- The Basel Framework and Derivatives
- The Standardized Approach for Counterparty Credit Risk (SA-CCR)
- Australia
- The Development of Futures Exchanges
- Bank Losses from the Archegos Default (2021)
- Timeline: Implementation of margin requirements for non-centrally cleared derivatives begins in the international framework and in Japan