Options expiry triggered $135m liquidity shortfall at NSCC

The CCP collected supplemental liquidity deposits six times during the first quarter

The National Securities Clearing Corporation (NSCC) reported one instance in the first quarter of the year where its payment obligation in a worst-case hypothetical loss exceeded its qualifying liquid resources (QLRs).

This is the sixth time the central counterparty (CCP) reported a similar instance over the span of 12 months, having been caught short once in Q1 of last year, and twice in the second and third quarter, respectively.



On January 4, the CCP incurred a liquidity shortfall

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

If you already have an account, please sign in here.

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