NSCC hit by $1.06bn margin breach
In total, the DTCC division reported 96 margin breaches at end-March 2021
The National Securities Clearing Corporation reported a $1.06 billion margin breach in the first quarter of this year, the largest by the Depository Trust & Clearing Corporation's division since public disclosure began in the third quarter of 2015.
The peak breach in Q1 eclipsed the previous record for the NSCC of $318 million posted in Q1 2020.
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The clearing house incurred 96 initial margin breaches in the quarter, with an average size of $28.8 million.
Over the three months to end
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