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Book III - Service providers
Title I - Investment services providers
Chapter V - Other provisions
Section 6 - Provisions for orders with instructions for deferred settlement and delivery and derivatives markets
Sub-section 1 - Orders with instructions for deferred settlement and delivery
Article 315-19 from 03/01/2018

Article 315-19 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/315-19/20180103/notes

Initial margin deposits are readjusted, if need be, in view of the daily marking to market of the position and the assets accepted as collateral therefor, so that the deposits comply at all times with the minimum regulatory requirement.

The investment services provider shall order the client, by any and all means, to top up or restore its collateral within one trading day.

If the collateral is not topped up or restored in due time, the investment services provider shall take the necessary measures so that the client's position is once again collateralised. Unless the provider and the client have agreed on a different procedure, the investment services provider shall begin by reducing the position before realising some or all of the collateral.