the system by which the London Clearing House (LCH) controls the risk associated with a London International Financial Futures and Options Exchange clearing member's position on a daily basis. To achieve this, clearing members deposit cash or collateral with the LCH in the form of initial and variation margins. The initial margin is the deposit required on all open positions (long or short) to cover short-term price movements and is returned to members by the LCH when the position is closed. The variation margin is the members' profits or losses, calculated daily from the marked-to-market-close value of their position (whereby contracts are revalued daily for the calculation of variation margin), and credited to or debited from their accounts.
DALLAS -- Penson Financial Services Inc., a subsidiary of Penson Worldwide, Inc. (NASDAQ: PNSN), announced today that it received approval from the National Association of Securities Dealers NASD to offer "portfolio margining" to its customers, including correspondent firms and their retail customers. Portfolio margining allows investors to more efficiently leverage...
Byline: Riva Froymovich NEW YORK - The Securities and Exchange Commission last month approved sweeping changes to portfolio-margining accounts that will result in greater choices for advisers and more responsibility for broker-dealers, accord Byline: Riva Froymovich ...
The NASD joins the New York Stock Exchange and Chicago Board Options Exchange in planning to give member firms the ability to offer portfolio margining to qualified customers. The NASD joins the New York Stock Exchange and Chicago Board Options Exchange in planning to give member firms the...
The CBOT and CME set May 28 as the start date to begin cross-margining and common banking. The cross-margin agreement will provide reductions in margin requirements for clearing member firms trading correlated interest rate futures and options at bot The CBOT and CME set May 28...
Refco Inc. is moving its global accounting and margining departments to New York because department heads are located there, says the firm's ... Refco Inc. is moving its global accounting and margining departments to New York because department heads are located there, says the firm's...
Texas Instruments has announced a synchronous DC/DC buck controller with desirable sequencing and output voltage margining features. The single-chip device, used in modular and on-the-board power supplies, reduces the number of external circuits in 4 Texas Instruments has announced a synchronous DC/DC buck controller with...
SC471A and SC475A Provide Most Compact Solution on the Market with Controller, Driver and Voltage Transition Switches Integrated into Tiny 3 x 3 mm Package
NEW YORK -- Two developing Security and Exchange Commission SEC initiatives - an initiative within agency lending and a portfolio margining initiative - will have a major impact on those involved in the securities and commodities industry, according to Grant Thornton LLP's most recent edition of SecuritiesAdviser, a quarterly newsletter...
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