Eurex default fund swells to €4.5 billion
Eurex supplemented its default fund in the second quarter by requiring members to stump up an extra €369 million ($424 million) in contributions.
Total pre-funded capital in the central counterparty’s (CCP) default fund rose to €4.5 billion from €4.2 billion (9%) in the three months to end-June. Eurex’s own contributions were static at €150 million, but member contributions – post-haircut – ratcheted up to €4.4 billion from €4 billion.
The increase was impelled by Eurex raising the aggregate
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