Goldman's OTC client margin jumps
FCM client funds increase 36% year-on-year – the fastest growth among leading US clearers
The minimum amount of initial margin Goldman Sachs collects from its US swaps clearing customers grew by $1.6 billion, or 36%, over the last 12 months – the most of the top 10 futures commission merchants (FCMs).
Goldman Sachs now has the sixth largest initial margin pile of US clearing brokers, leapfrogging Bank of America Merrill Lynch (BAML).
Citigroup's required client margin grew 20% year-to-year, or $3.8 billion. Morgan Stanley added $1.8 billion (14%), Barclays $218 million (5%), JP
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