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{{imcsdprov|Margin Amount (IM)}} is the snappy, memorable label for that portion of one’s initial margin burden that is imposed directly by one’s local regulators. | {{imcsdprov|Margin Amount (IM)}} is the snappy, memorable label for that portion of one’s initial margin burden that is imposed directly by one’s local regulators. | ||
This must be posted on the {{imcsdprov|Chargor}}’s behalf to a third party {{imcsdprov|Custodian (IM)}} and held, out of harm’s way and subject to a [[security interest]] in favour of the {{imcsdprov|Secured Party}} and an [[account control agreement]] determining who gets to say what happens to it and and when. Sicne it is held out of | This must be posted on the {{imcsdprov|Chargor}}’s behalf to a third party {{imcsdprov|Custodian (IM)}} and held, out of harm’s way and subject to a [[security interest]] in favour of the {{imcsdprov|Secured Party}} and an [[account control agreement]] determining who gets to say what happens to it and and when. Sicne it is held out of harm’s way, neither the Chargor nor the Secured Party can use the {{imcsdprov|Posted Credit Support (IM)}}, and it sits immobilised, a permanent dead weight on the capital efficiency of the world’s financial markets. But everyone is ''safer'' that way — unless you are a hardcore [[modernist]], a little [[redundancy]] is no bad thing — so we shouldn’t feel ''too'' bad about it. To be contrasted and not, however easy it may be, ''confused'' with {{imcsdprov|Margin Amount (IA)}}. <br> | ||