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In this act Article 10 of 42
Text as of 14 Feb 2023 · Consolidated version of 14 February 2023 · Same wording as today’s text.Today’s text

Article 10 — Calculation of variation margin

Financial servicesLevel 2RTSEMIRIn forceOfficial source

The amount of variation margin to be collected by a counterparty shall be the aggregation of the values calculated in accordance with Article 11(2) of Regulation (EU) No 648/2012 of all contracts in the netting set, minus the value of all variation margin previously collected, minus the net value of each contract in the netting set at the point of entry into the contract, and plus the value of all variation margin previously posted.