Portfolio Margining: A Work in Progress

Engmann, Doug
January 2008
Securities Industry News;1/21/2008, Vol. 20 Issue 3, p4
Trade Publication
The author comments on the portfolio margining service offered by broker-dealers in the U.S. Newedge USA has discovered that applying margining to a client's portfolio of options and equities can reduce its U.S. regulatory margin requirements from 30% to 90%. At the end of the first 3 months of the post-pilot of the Securities and Exchange Commission-approved portfolio margin program, approximately $60 billion of the total $360 billion in margin debits was held in portfolio margin accounts.


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