At Ice Clear US, largest margin breach on record
Ice Clear US posted a $7.1 million margin breach in the first quarter of this year, the largest reported by the central counterparty (CCP) since public disclosure began in the third quarter of 2015.
It was the first time a breach has been reported since an $890 shortfall first reported in Q2 2017, and it was more than double that of the next-largest breach on record, a $3.3 million shortfall first reported in Q1 2016.
Total required initial margin held by the CCP stood at $16.8 billion at
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