Client margin at Credit Suisse hit a new low in February
Latest CFTC data shows significant reductions of required funds for swaps and F&O at the bank’s US clearing unit
Required client margin held by Credit Suisse’s US clearing business for both swaps and futures and options (F&O) trades fell to a multi-year low in February.
Data from the Commodity Futures Trading Commission (CFTC) shows the US unit of the Swiss bank held $5.02 billion of required segregated customer funds to cover their cleared swaps and $1.9 billion for F&O – down 21% and 25%, respectively, on January levels.
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In 2021, the average monthly amount of client margin stood at $9.7
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