Derivatives · glossary
The two directions of a collateral transfer. A Delivery Amount is a call for cash, rounded up to the nearest €10,000, and a Return Amount sends cash back, rounded down. Neither moves unless it reaches the €250,000 Minimum Transfer Amount. Annex, paragraph 2 · Chapter 10
Explained in Chapter 10, Collateral: the Annex and the Call, of Derivatives.
Paragraph 2 asks its questions in a fixed order. Take the Exposure, subtract the Threshold, and then subtract the cash already held. Test what is left against the minimum. Only if it passes is it rounded and called, as a Delivery Amount.Read Chapter 10, Collateral: the Annex and the Call →
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