Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants

To alleviate the operational burdens associated with making de minimis margin transfers without resulting in an unacceptable level of uncollateralized credit risk, our rules provide that a CSE is not required to collect or post IM or VM with a counterparty until the combined amount of such IM and VM exceeds an MTA of $500,000