Ice Clear Europe issued $5.4bn VM call in Q4

Price volatility in energy markets behind the largest cash call on record by the CCP

A single clearing member at Ice Clear Europe triggered a $5.4 billion variation margin (VM) call in the fourth quarter of 2021, off the back of heightened volatility in energy markets.

The peak payment obligation was 209% larger than the previous quarter and the largest reported by the central counterparty (CCP) since public disclosures began in 2015. The cash call was made to a participant in the CCP’s futures and options (F&O) division that specialises in the clearing of a large number of

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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

Most read articles loading...

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