NSCC posts $137m margin breach
The National Securities Clearing Corporation (NSCC), a division of the Depository Trust & Clearing Corporation (DTCC), has reported its largest margin breach since public reporting began: a shortfall of $137 million in the second quarter of this year.
This helped to push the average size of margin breaches over the quarter to $8 million, also the highest since disclosures were first issued in the third quarter of 2015. The total number of breaches incurred in the 12 months to end-June was 143.
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