Risk Quantum/Depository Trust & Clearing Corporation (DTCC)
MBSD liquidity risk hits four-year high
Estimated largest payment obligation tops $40bn in Q3
NSCC logs record $9.2bn daily VM call in Q1
Required initial margin surges 38% in quarter marked by volatility
JSCC, DTCC government bond units see default funds surge
Member contributions hit multi-year highs in Q4
NSCC suffers record $7bn liquidity shortfall
Index rebalancing in December drives CCP’s largest-ever simulated funding gap
US MMFs clear record one-third of repos via FICC
Trades executed through sponsored access hit a $865 billion high at end-2024
Initial margin requirements hit record highs at major CCPs
Tumultuous third quarter sees $94bn surge across 14 CCPs
Options expiry triggers $4bn liquidity shortfall at NSCC
Second-largest simulated shortfall on record mitigated by extra liquidity deposit and OCC commitment
US repo-clearing premium soared to post-pandemic high in Q3
Spread to non-cleared tri-party rates widened earlier and further than in previous quarters
FICC captures record share of US MMF repos
Fed facility sees continued outflows as funds redirect assets