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🔗 Back to Summary. 🇫🇷 French Version: 2016R2251_FR.10. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 9 – Frequency of calculation and determination of the calculation date ⬅️ | ➡️ Article 11 – Calculation of initial margin
Article 10 - Calculation of variation margin
The amount of variation margin to be collected by a counterparty shall be the aggregation of the values calculated in accordance with 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.