One FICC member paid record $102bn to cover dues in Q4
Previous highest payment obligation of a single participant was $77 billion in size
One clearing member of the Fixed Income Clearing Corporation (FICC) had to pay $102.2 billion to the central counterparty’s government securities division (GSD) in Q4, topping the previous peak payment obligation by more than 33%.
The payment obligation includes margin, settlement obligations and all other dues to cover membership responsibilities. The peak payment due from a single member at
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