ISDA Margin Survey 2013

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Table 7.3: Value of collateral received and delivered by respondents against centrally cleared OTC transactions
(client cleared and only collateral to/from clients)
USD millions
Cash
Government
Securities
Collateral Received to meet
Collateral Delivered to meet
Type of Collateral Initial Margin Variation Margin Initial Margin 11 Variation Margin
USD 15.21% 40.26% N/A 44.45%
EUR 2.45% 2.78% N/A 36.91%
GBP 0.64% 0.84% N/A 10.18%
JPY 0.14% 0.31% N/A 1.85%
Other 0.01% 1.03% N/A 6.61%
Subtotal 18.44% 45.23% N/A 100.00%
United States 31.65% 0.00% N/A 0.00%
European Union 3.30% 0.00% N/A 0.00%
United Kingdom 0.11% 0.00% N/A 0.00%
Japan 0.00% 0.00% N/A 0.00%
Other 1.08% 0.00% N/A 0.00%
Subtotal 36.14% 0.00% N/A 0.00%
Others
Government agency
securities / GSEs
0.18% 0.00% N/A 0.00%
Supranational Bonds 0.00% 0.00% N/A 0.00%
US Municipal Bonds 0.00% 0.00% N/A 0.00%
Covered Bonds 0.00% 0.00% N/A 0.00%
Corporate Bonds 0.00% 0.00% N/A 0.00%
Letters of Credit 0.00% 0.00% N/A 0.00%
Equities 0.00% 0.00% N/A 0.00%
Metals and Other
Commodities 0.00% 0.00% N/A 0.00%
Other 0.01% 0.00% N/A 0.00%
Subtotal 0.18% 0.00% N/A 0.00%
Total Collateral 54.77% 45.23% N/A 100.00%
11 As with house trades, CCPs do not post initial margin on trades submitted to the CCP; thus, this column indicates “N/A”.
ISDA Margin Survey 2013 June 2013