cross-margining agreement

What is cross-margining agreement?

cross-margining agreement definition and meaning on Finance terms:
An agreement between two central counterparties (CCPs) which makes it possible to limit the margin requirements for institutions participating in both CCPs by regarding the positions and collateral of such participants as one portfolio. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

Tags: