Skip to the text
In this act Article 13 of 42
Text as of 14 Feb 2023 · Consolidated version of 14 February 2023 · Same wording as today’s text.Today’s text

Article 13 — Provision of initial margin

Financial servicesLevel 2RTSEMIRIn forceOfficial source

13(1)

1.The posting counterparty shall provide the initial margin in accordance with Section 5.

Copy link
13(2)

2.The posting counterparty shall provide the initial margin within the same business day of the calculation date determined in accordance with Article 9(3).

Copy link
13(3)

3.In the event of a dispute over the amount of initial margin due, counterparties shall provide at least the part of the initial margin amount that is not being disputed within the same business day of the calculation date determined in accordance with Article 9(3).

Copy link

SECTION 4 — Initial margin models