Morgan Stanley’s swaps clearing unit boosts client margin by $4.8bn

Required client margin held by Morgan Stanley’s swaps clearing unit jumped up by $4.8 billion (28%) in the third quarter – the most of the 17 reporting US futures commission merchants (FCMs).

Data from the Commodity Futures Trading Commission (CFTC) shows Morgan Stanley held $21.9 billion from clients to cover their swap trades, the highest level since Q2 2018. 

Citi posted the second-largest quarterly increase, with required margin up $3.6 billion (13%) to $31.9 billion. 

Of the remaining

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: