LCH Ltd sent record €6bn VM call to one clearing member in Q3
Largest estimated payment obligation in the event of a member default also climbs quarter on quarter
A single clearing participant at LCH Ltd triggered a €6.2 billion ($7.5 billion) variation margin (VM) call in Q3, the largest reported by the clearing house since public disclosures began.
The peak payment obligation was 19% larger than the previous record of €5.2 billion set in Q1, when the coronavirus pandemic first struck Europe.
The largest aggregate VM call in Q3 posted by LCH Ltd was for
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