margin-requirement

Learning objectives: Define and describe the key features of a futures contract, including the asset, the contract price and size, delivery, and limits. Describe the rationale for margin requirements and explain how they work. Describe the mechanics of the delivery process and contrast it with...

Learning objectives: Explain the loss waterfall in a CCP structure. Define initial margin and variation margin and describe the different approaches and factors in calculating initial margin. Discuss the impact of initial margin on prices, volume, volatility, and credit quality. Explain factors...