LCH SA incurs record number of margin breaches in Q1

- By Lorenzo Migliorato and Louie Woodall
- 06 Jul 2020

The listed derivatives unit of LCH’s Paris-based clearing house reported a sixfold rise in margin breaches during the first quarter, with the biggest initial margin call for the period clocking in at a massive €100 million ($113 million).

Backtesting breaches over the rolling 18-month period ending March 31 amounted to 147, up from 23 at end-2019.

The peak breach in Q1 eclipsed the previous

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