Risk Quantum/National Securities Clearing Corporation (NSCC)
Defaults would dent, but not destroy, CCP liquidity buffers
Max payment obligations in event of member default would be sufficiently covered
DTCC default fund contributions climb 15%
CCP had 270 clearing members at end-June
DTCC members add $26bn to default funds in 2018
Clearing house's own contributions dipped $8.5 million last year
NSCC posts $137m margin breach
Securities CCP records largest margin shortfall since public disclosures began