Risk Quantum/Ice Clear Credit
DTCC, Ice Clear Europe lead top CCPs in boosting liquidity buffers
CCPs added $20.8 billion to their liquidity buffers in the third quarter of 2018
Top 10 CCPs plump liquidity buffers by $20 billion
Increase driven by higher secured deposits at commercial banks and expansion of credit lines
CCPs build their liquidity buffers
$26 billion increase in deposits entrusted to commercial banks
Ice single-name clearing surge defies market trend
Ice Clear Credit open interest grows 31%
CDS market structure transformed – BIS
Inter-dealer trades have retreated as CCP dominance grows
CCPs incur fewer margin breaches in 2017
LCH Ltd reports 399 fewer breaches than in 2016; DTCC 156
Liquidity resources vary across CCPs
Eurex, Ice Clear Credit, LCH SA most dependent on cash deposited at central banks