IM, default fund resources fell at Eurex in Q3
Participant contributions to Eurex’s default fund were almost one-third lower at end-September 2020 than three months prior. Total initial margin (IM) posted by clearing members was also much reduced quarter on quarter.
Default fund resources across the central counterparty (CCP) amounted to €17.3 billion ($21.2 billion) as of the end of Q3, down 31% on Q2. Participant contributions, both prefunded and committed, dropped €7.7 billion (-33%) over the three months.
The sum of IM across the
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