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RBA Glossary definition for margin payment

margin payment – A payment made to meet a margin call, to cover an adverse movement in the price of physical assets, such as equities or units in managed funds, or derivatives, such as futures, options or swap contracts.

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22 Nov 2016 RDP 2016-07
James Hansen and Angus Moore
This makes margin costly because current consumption is more valuable than future consumption. ... Figure 8 highlights that higher margin requirements (measured relative to the standard deviation of y.
https://www.rba.gov.au/publications/rdp/2016/2016-07/results.html

The Model

22 Nov 2016 RDP 2016-07
James Hansen and Angus Moore
These assets have low yields, and thus posting margin carries an opportunity cost. ... The gross payments the CCP makes in period t 1 are given by:.
https://www.rba.gov.au/publications/rdp/2016/2016-07/model.html

The Efficiency of Central Clearing: A Segmented Markets Approach

2 Nov 2016 RDP 2016-07
James Hansen and Angus Moore
James Hansen and Angus Moore. October 2016. 2.00. MB. central clearing, financial markets, payments. ... risk. However, the potential gains are sensitive to the level of margin required by the central counterparty.
https://www.rba.gov.au/publications/rdp/2016/2016-07.html

The Efficiency of Central Clearing: A Segmented Markets Approach

1 Oct 2016 RDP 2016-07
James Hansen and Angus Moore
They are contracts that specify a payment (or stream of payments) based on the value of an underlying reference price at a specified date (or dates). ... 50). Variation margin is a payment that reflects mark-to-market changes in the value of participants'
https://www.rba.gov.au/publications/rdp/2016/2016-07/full.html

Background

22 Nov 2016 RDP 2016-07
James Hansen and Angus Moore
They are contracts that specify a payment (or stream of payments) based on the value of an underlying reference price at a specified date (or dates). ... 50). Variation margin is a payment that reflects mark-to-market changes in the value of participants'
https://www.rba.gov.au/publications/rdp/2016/2016-07/background.html

Introduction

22 Nov 2016 RDP 2016-07
James Hansen and Angus Moore
The CCP in our model does so by guaranteeing payment on all contracts that it clears. ... increases welfare if initial margin requirements are set optimally, but can be inefficient otherwise.
https://www.rba.gov.au/publications/rdp/2016/2016-07/introduction.html