Step 2 of 9 in Derivatives without illusionsCourse outline →
Initial margin
The collateral posted against a position on the derivatives market.
When the metric lies
Also known as: initial margin, margin requirement
Related terms
Next step in Derivatives without illusions · explainerInitial margin: why a position can be closed without youCollateral against an obligation whose size moves with volatility. It is what decides when you get closed out.Read next →
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