Risk Quantum/Options Clearing Corporation (OCC)
OCC on the hook for $4bn if member defaults
Clearing house’s liquidity resources hit $7.9 billion in Q1
Top CCPs’ liquidity pools hardly grow in Q1
LCH SA the only outlier as most clearing houses see cash, collateral and credit on hand shrink
Top CCPs add $79 billion to liquidity pool in 2018
Clearing houses placed more cash with commercial banks than in 2017
OCC members' default fund payments drop 39% in 2018
Calculation switch shaves billions off mandatory contributions
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
OCC default fund drops $5bn under new approach
Switch to stress-testing based approach triggers drop in required default resources
Top 10 CCPs plump liquidity buffers by $20 billion
Increase driven by higher secured deposits at commercial banks and expansion of credit lines
OCC default fund shrinks $3 billion
Change reflects CCP's model methodology and calmer markets in Q2
OCC swells liquidity after reinforcing clearing fund
Further changes expected following September clearing fund revamp
CCPs build their liquidity buffers
$26 billion increase in deposits entrusted to commercial banks
OCC margin breaches spike in Q1
Peak exposure of $363 million in three months to March 31
CCPs incur fewer margin breaches in 2017
LCH Ltd reports 399 fewer breaches than in 2016; DTCC 156