Central counterparties’ (CCPs’) liquidity portfolios differ from firm to firm, with some relying on central bank deposits and others on cash held at commercial banks to meet their funding needs.
A Risk Quantum analysis of 10 CCPs found that Eurex, Ice Clear Credit, and LCH SA had the most liquidity resources sequestered at their home central banks – with these deposits respectively comprising 94%, 77%, and 57% of their totals at year-end 2017.
On the flipside, Ice Clear Europe, Ice Clear US
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