Peak IM calls at FICC leapt 13% in Q4

Number of margin breaches at the central counterparty’s GSD also edged higher, as some members increase exposures after margin calculations

The government securities division (GSD) of the Fixed Income Clearing Corporation demanded $3.4 billion in initial margin (IM) from its members on one day in the last quarter of 2021 – 13% higher than in Q3.

Required IM held at GSD at end-December was $20.4 billion, up almost 6% on Q3.

  !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

You need to sign in to use this feature. If you don’t have a 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