Risk Quantum/Japan Securities Clearing Corporation (JSCC)
JSCC bond unit reports 26 margin breaches in Q3
JGB turmoil, heightened activity may have caught clearing members off-balance
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
JSCC reinforces default funds
Member firm contributions swell ¥135.5 billion across derivatives clearing services
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