NSCC default fund surges to record $19.8bn in Q2

- By Joshua Walker
- 09 Sep 2025

Clearing member contributions to the default fund at the National Securities Clearing Corporation (NSCC) surged by 60.4% in the second quarter, reaching an all-time high of $19.7 billion as of June 30.

As these contributions constitute the vast majority of the default fund, overall resources also reached a record $19.8 billion.

The central counterparty’s (CCP) skin-in-the-game declined 7.6% to $130

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