Initial Margin
Initial margin is collateral required to support a position before or when it is opened. It is intended to protect the market against potential future losses.
Definition and Infrastructure Context
Initial Margin should be understood in the context of regulated exchange infrastructure, where terminology affects system design, operating rules, market participant workflows and post-trade controls.
ADEX Technology links this definition to relevant exchange technology, clearing, settlement, market infrastructure and operational control pages so institutional readers can understand how the term is used across the infrastructure stack.