IM surges at LCH following CDS users’ shift from ICEU
Figures for Q3 show 16% jump at Paris-based CDSClear
LCH’s Paris-based credit clearing service disclosed its highest amount of initial margin (IM) requirements on record in the third quarter of last year, thanks to an influx of positions migrating from Intercontinental Exchange’s shuttered European unit.
CDSClear saw a 15.8% rise in IM to €9.4 billion ($10.3 billion) in the three months to September 30, 2023, the largest such figure since data
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