5.2.7 Initial Margin

User can view the list of those pre-netting transactions and cash transfers for Initial Margin, linked to the selected scheme and considered for this net settlement.

Click the Initial Margin button at the bottom of the Cash-Margin Net Settlement Process (MGDSETLM) function to open this screen.

Figure 5-13 Initial Margin Details

The following table describes the fields displayed for Initial Margin transactions included for this Net settlement.

* Indicates mandatory fields.

Table 5-11 Cash-Margin Net Settlement – Initial Margin Details

Field	Description
Settlement Scheme	Displays the Settlement Scheme of the net settlement transaction.
Settlement Reference	Displays a unique reference number of the net settlement transaction.
Initial Margin Details	Group of fields to display the details about the Initial Margin transaction to be net settled.
RecSeq#	Running sequence number of the transactions displayed.
Account No	Displays the Margin Account of the Initial Margin transaction to be net settled.
Currency	Displays the currency of the selected Margin Account.
Net Margin Calculated	Displays the calculated Margin Required, in Account CCY, as captured for the Initial Margin transaction to be net settled.
Statement Margin	Displays the net margin, in Account CCY, as mentioned in the Collateral Party’s statement, as captured for the Initial Margin transaction to be net settled.
Settlement Amount	Displays the Net Margin Call amount, in Account CCY, to be transferred for the Initial Margin transaction to be net settled.
Transfer Amount	Displays the Net Margin Call amount, in Settlement scheme CCY, to be transferred for the Variation Margin transaction to be net settled.
Transfer Action	Displays the direction of the Net Margin Call, to be transferred for the Initial Margin transaction to be net settled.
User Comments	Displays the additional comments captured for the Initial Margin transaction to be net settled.
Netting Reference	Displays a unique reference number for the Initial Margin transaction to be net settled.
Netting ESN	Displays the accounting event sequence number for the accounting entries posted for the Initial Margin pre-netting transaction to be net settled. Otherwise, it is blank