DTCC members add $26bn to default funds in 2018

Aggregate mandatory contributions by members of the Depository Trust & Clearing Corporation (DTCC) to its three default funds rose 33% in 2018 to their highest level since public disclosures began. 

Total pre-funded required participant contributions to the National Securities Clearing Corporation (NSCC) division’s default fund increased 103% to $6.8 billion over the year and those to the government securities division’s (GSD) 26% to $14.9 billion.

In contrast, amounts placed in the mortgage