Eurex made €525m VM call in Q1

A Eurex Clearing member had to make a €525 million variation margin payment in the first quarter of this year – the largest margin call by the central counterparty (CCP) since Q4 2016. 

The same-day payment call is the third-biggest since public disclosures began in the third quarter of 2015, and 45% more than the largest one in the quarter prior, of €363 million. 

The €525 million margin call is equivalent to 2% of the CCP’s own liquidity resources of €26.9 billion at end-March. Eurex