NSCC’s liquidity pool twice short of payment obligation in Q3

The CCP reported a shortfall in its qualifying liquid resources for the third consecutive quarter

The National Securities Clearing Corporation reported two instances in the third quarter of last year where its payment obligation in a worst-case hypothetical loss exceeded its qualifying liquid resources (QLRs).

This is the third consecutive quarter in which the US central counterparty (CCP) is caught short, after reporting a $5 billion deficit in June and a $600 million shortfall in the first quarter of 2021.

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In Q3, the NSCC’s qualifying liquid resources fell $594 million short

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