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{{a|pb|}}''Careful not to confuse with “[[margin excess]]”''. | |||
In the storied world of [[exchange traded derivatives]], [[excess margin]] is margin your [[clearing broker]] requires over and above the official margin required by the exchange on which the [[futures]] and [[options]] are traded. This is an extra layer your broker may take to reflect your own concentration risk, credit fragility etc. Since, if you go ''[[tette in alto]]'', your broker still has to honour your obligations to the exchange, you can see why some brokers might be a little twitchy about this, and ask you to pony up a little bit more. | |||
Therefore, excess margin still counts as “[[required margin]]”, and is thus different from ''[[margin excess]]'' (I didn’t make up these names, don’t @ me) which, in theory, doesn’t. | |||
{{Sa}} | |||
*[[Margin excess]] | |||