Cboe Hanweck is the leading provider of fully real-time exchange and "house" margin analytics. Our cutting-edge technology generates real-time, instrument-level P&L vectors configured to exchange standard methodologies. Cboe Hanweck's Portfolio Risk Analytics combines these P&L vectors with real-time position information using exchange aggregation and offsetting rules to compute real-time exchange margin.
Cboe Hanweck Portfolio Risk Analytics can easily tackle computationally intensive risk tasks such as large-scale "what-if" analysis, margin scenario analysis (i.e., how do margin requirements change with changes in the market) and margin optimization.
OCC® TIMS® Methodology and Enhanced TIMS® Methodology
Cboe Hanweck generates real-time P&L vectors that conform to OCC’s TIMS risk-based portfolio margin methods and combines these vectors with customer positions.
Risk Based Haircuts (RBH) and Customer Portfolio Margin (CPM) variants.
Cboe Hanweck is actively engaged with OCC and industry participants to develop and test an enhanced TIMS methodology.
Cboe Hanweck's Margin Engine for STANS® Methodology by OCC
OCC Clearing Members can benefit from Cboe Hanweck’s real-time Margin Engine to anticipate expected application of the STANS methodology by OCC in real-time.
Real-time theoretical simulation on all OCC-cleared products, including volatility shocks.
Up-to-date positions including collateral.
For more detail, click here.
Futures Exchange Margin Methods
SPAN® methodology for futures exchanges are also supported by Cboe Hanweck Portfolio Risk Analytics.
Scenario and simulation methods utilizing worse-loss approaches.
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The information in this webpage is provided for general education and information purposes only. No statement(s) within this webpage should be construed as a recommendation to buy or sell a security or futures contract, as applicable or to provide investment advice. Supporting documentation for any claims, comparisons, statistics or other technical data in this webpage is available by contacting Cboe Global Markets at www.cboe.com/contact.
Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of “Characteristics and Risks of Standardized Options.” Copies are available from your broker or from The Options Clearing Corporation at 125 South Franklin Street, Suite 1200, Chicago, IL 60606 or at www.theocc.com.
Brokerage firms may require customers to post higher margins than the minimum margins specified in this webpage.
TIMS®, STANS®, and OCC® are registered trademarks of The Options Clearing Corporation® (OCC). OCC assumes no liability in connection with the use of STANS or TIMS by any person or entity. The current version of TIMS or STANS may not be reflected in the Cboe Hanweck services described herein.
