Isda AGM: collateral drops 20% with market rebound

The total amount of collateral in circulation across the derivatives market fell by 20% in 2009, according to the International Swaps and Derivatives Association's 2010 margin survey – released at the industry group's annual general meeting in San Francisco on April 23. Collateral in circulation fell from $4 trillion in 2008 to just $3.2 trillion in 2009, according to the survey. Isda attributes the fall to declining counterparty risk and “a return to more normal interest-rate lev