Ice Credit’s required initial margin up 18% in Q2
CCP reported highest level on record, superseding Covid-19-induced peak
Initial margin (IM) demanded by Ice Clear Credit rose 18% in the second quarter of the year to its highest level on record.
Total required IM, across all house and client accounts, stood at $58.8 billion at end-June. The split was 30% for house accounts and 70% for client gross accounts. Quarter on quarter, house net margin rose almost 16% and client gross 19%.
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