Client margin up 7% at Bank of America’s swaps unit

Aggregate required client margin across all FCMs at highest point since second quarter of 2020

Required client margin held by Bank of America’s swaps clearing unit jumped by $901 million (7%) in the month of October – the biggest increase of the 15 reporting futures commission merchants (FCMs).

Data from the Commodity Futures Trading Commission (CFTC) shows the US bank held $13.2 billion of required margin from clients to cover their swap trades, the highest level on record. 

  //

 

Barclays posted the second-largest quarterly increase, with required margin up $463 million (4%) to $12

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: