CME issued $1.8 billion VM call in Q2

CME Clearing’s futures and options division issued a variation margin (VM) payment call of $1.8 billion to one member in the second quarter of the year. 

The call is the fourth-largest made by the central counterparty since public disclosures began in Q3 2015 and follows a $1.5 billion call in the first quarter.

CME also estimated that its largest multi-day payment obligation, if any single member of its base products unit had defaulted in Q2, would have been $11.8 billion, up 4% quarter-on

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