Variation Margin Matching Clause Samples

Variation Margin Matching. If Variation Margin Matching is specified as applicable in the Addendum Annex, Paragraphs 11(i)(i) to 11(i)(iii) will not apply in respect of any Demand for a Currency VM Delivery Amount or a Currency VM Return Amount, as applicable, and Clearing Member or Client, as applicable, will transfer specified amounts, types and denominations of Eligible Credit Support or Equivalent Credit Support, as applicable, in accordance with Paragraphs 2(a) or 2(b), as applicable, as amended by Paragraph 11(b).