Concern over scarcity of high-quality assets forces CCPs to broaden eligible collateral

Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral


Ice Clear Europe, the London-based clearing subsidiary of  IntercontinentalExchange, will shortly begin to accept gold bullion as initial margin in all energy and credit default swap transactions, as part of a broader search by central counterparties (CCPs) to increase the pool of eligible collateral clients can post.

As of November 22, Ice Clear Europe will accept gold bullion with a 12% haircut from clearing members for initial margin, with collateral limits of $250 million per member or 30%

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