OCC member default fund contributions jump 8%

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The Options Clearing Corporation (OCC) asked participants to pour an additional $2.5 billion into its default fund in the fourth quarter of the year, bringing the total to its highest level since Q1 2018.

Aggregate required member contributions to the fund totalled $15.8 billion at end-December, 19% higher than in the previous quarter.

The OCC’s own aggregate pre-funded contribution to its default fund fell almost 12% to $291 million.

Quarter on quarter, the central counterparty

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