Credit Suisse’s US clearing unit cuts client margin by 37%

Required segregated customer funds down more than a third since Archegos blowup

Required client margin held by Credit Suisse’s US clearing business shrank by more than a third since the Archegos default in March, as clients look for new homes at other clearing brokers.

Data from the Commodity Futures Trading Commission (CFTC) for futures commission merchants (FCMs) shows that between March and August this year, Credit Suisse’s required segregated customer funds for futures