Acceptable Collateral

Currently acceptable currencies as cash collateral from Clearing Members are US dollar (USD) and Euros (EUR). All cash collateral can be utilised to fulfill initial margin requirements.

Variation margin must be met in the designated settlement currency of contract and contributions to the guaranty fund must be met in USD.

All collateral employed to meet initial margin requirements in a different designated settlement currency are subject to a cross-currency haircut as follows:

Additional collateral types will be proposed within the risk advisory committee.