Initial margin hits all-time high at two LCH services

- By Joshua Walker
- 23 Jun 2023

Clearing giant LCH demanded record amounts of initial margin at two of its clearing units in the first quarter of 2023.

Required initial margin at SwapClear, which clears interest rate swaps, reached a record high of £185 billion ($229 billion) at the end of Q1. This represented a rise of £39.8 billion, or 27.3%, over the figure in Q1 2022.

SwapClear’s proportional year-on-year increase was the

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