Volatile Q2 Reshapes Margin Composition at Top CCPs
Risk.net reports that initial margin (IM) breaches and calls increased at central counterparties (CCPs) worldwide during the second quarter.
This led to clearing members posting more collateral, taking different forms at various CCPs.
- JSCC introduced a new cash collateral method.
- CME saw gold hit a record high, with clearing members posting $6 billion in gold margin over the past 12 months.
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Author's summary: Volatile Q2 changes margin composition at top CCPs.