Ice Clear Credit member default fund contributions climb 6%
Total pre-funded required participant payments hit a record high in Q2
Members’ contributions to Ice Clear Credit’s default fund rose 6% in the second quarter of the year to their highest level since public disclosures began in the third quarter of 2015.
Total pre-funded required participant payments to the default fund of Ice’s credit default swap (CDS) clearing unit stood at $3.3 billion, with members asked to pour an additional $175 million over the three months to end-June.
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