Client margin at Credit Suisse shrinks to just $25m

Required funds for swaps meet same fate as F&O trades, as exit from prime services continues

Required client margin at Credit Suisse’s US swaps clearing unit reduced to a trickle in July, as the last lights go out at its tarnished prime brokerage division.

The Wall Street arm of the Swiss bank held just $25.5 million of required segregated customer funds to cover their cleared swaps at end-July, down from $2.1 billion at end-June and $8.9 billion a year prior, data from the Commodity Futures Trading Commission (CFTC) for futures commission merchants (FCMs) shows.

  //

 

That

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: