Risk Quantum/Options Clearing Corporation (OCC)
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
Liquidity resources vary across CCPs
Eurex, Ice Clear Credit, LCH SA most dependent on cash deposited at central banks