LCH SA members add €371m to cash, derivatives default fund

Members’ contributions to LCH SA’s default fund for cash and derivatives clearing surged 22% in the second quarter of the year, to their highest level since Q2 2018.

Mandatory contributions to the central counterparty’s (CCP) default fund hit €2.1 billion ($2.3 billion) at end-June, up €371 million from end-March. However, they were flat on the year-ago quarter.

The CCP’s own prefunded contributions to the cash and derivatives fund climbed €2 million (18%) to €13 million quarter-on-quarter,

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