547. Counterparties should report all relevant types of collateral (initial margin, variation margin and excess collateral), providing both pre- and post-haircut values. Each type of collateral should be reported as a single figure, being the sum of the values of all assets posted/received expressed in a single currency.

548. Collateral can be reported on a portfolio basis. It is up to the reporting counterparty to determine what unique value to put in the field 'Collateral Portfolio Code', but this value should be consistent over the lifetime of the portfolio and not be re-assigned every day for the same portfolio. At the same time, different counterparties can use different collateral portfolio codes for the same set of derivatives.

6.3.1 Reporting of margin update for a new uncollateralised derivative

549. Table 85 illustrates the population of the reporting fields when the counterparty submits the margin report for an uncollateralised derivative. There is no need to send any further margin updates, unless the collateralisation category changes.

Table 85 - Report of margin update for an uncollateralized derivative

6.3.2 Reporting of margin for a new derivative collateralized at portfolio level