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Description

Collateral Management: Calling Margin, Valuing and Securing Collateral

Master the entire collateral chain, from position valuation through to the settlement of collateral movements

  • 2 days — 14 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Collateral management has become a profession in its own right. Margin calls are computed daily on positions valued from several price sources, master agreements set eligibility and haircut rules specific to each counterparty, and an unresolved dispute ties up assets. Back and middle office teams often discover these mechanics only when a disagreement arises.

This short format covers the full chain. Participants follow collateral from the master agreement through to the settlement of movements, learn how to calculate and then challenge a margin call, and identify the control points that prevent disputes and delivery failures.

Learning objectives

  • Position the role of collateral in mitigating counterparty risk
  • Read the collateral clauses of a master agreement
  • Calculate a margin call from the valuation of positions
  • Apply eligibility and haircut rules to the assets delivered
  • Handle a margin call dispute through to resolution
  • Organise the daily controls across the collateral chain

What makes this programme different

A margin call is calculated step by step and then challenged using the counterparty's arguments
Master agreement clauses are read for what they mean in day-to-day operations
Delivery failure cases are worked through to full regularisation

Programme

1Contractual framework and principles

Understanding what binds the parties

  • The role of collateral in addressing counterparty risk
  • Master agreements and their collateral annexes
  • Negotiated parameters such as threshold and minimum transfer amount
  • Bilateral transactions and central clearing

2Valuation and margin calls

Calculate, then justify

  • Valuation of positions and price sources
  • Exposure calculation and determination of the call amount
  • Distinguishing initial margin from variation margin
  • Eligibility of the assets delivered and application of haircuts
  • Substitution and reuse of securities delivered

3Daily operations and disputes

Holding the chain through to settlement

  • Margin call exchange circuit and adherence to deadlines
  • Delivery versus payment instructions and monitoring of fails
  • Handling valuation disputes
  • Remuneration of cash collateral and interest claims
  • End-of-day controls and internal reporting

Who is it for

Back and middle office staff as well as collateral managers and heads of market operations.

Prerequisites

Working knowledge of derivative products and of the market operations lifecycle.

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.