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

- By Alessandro Aimone
- @aimoneale
- 12 Nov 2019

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

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