15.2.2.8 Calculation of Excess Collateral

Excess collateral is the value of collateral posted or received that is in excess of the collateral required based on the current levels of exposure and collateral position. This amount can be withdrawn by the party which has provided the collateral in excess of its exposure and results in an outflow to the party holding the excess collateral and an inflow to the party who has provided the excess collateral. It can be of two types:

• Excess Collateral Due
• Excess Collateral Receivable