Worst of Calculation

For each Netting Set and for each of the Post and Collect modes, the initial margin requirement is defined as the most conservative result across applicable regulations:

$$WorstOf = \max\limits_{{reg \in applicable\ regulations}}SIMM_{reg} + AdditionalMargin_{reg} + ScheduleMargin_{reg}$$

See also

• Applicable Regulations
• Total IM
• Regulation