Clearing fees up for 60% of swaps users due to leverage ratio

Survey of US asset managers reveals higher costs and reduced access to clearing


Most US asset managers have been either forced to pay more to clear swaps or given the boot by their clearing firm as a result of the leverage ratio, a survey has found, documenting for the first time the detrimental impact of the incoming rules on end-users.

The leverage ratio requires banks to hold a minimum amount of capital relative to their total exposure, which includes initial margin received from clearing clients. However, banks point out that these funds are segregated from their other

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: