Client margin for swaps hits new record at four FCMs
Required funds at all-time high at BofA, Goldman, JP Morgan and Barclays in November as market turbulence persists
Required client margin for swaps hit record highs at four US futures commission merchants (FCMs) in November, as volatility in interest rates continued to sweep markets unabated.
Bank of America saw required funds increase 7% through the month, hitting an all-time high of $17.7 billion. JP Morgan, Goldman Sachs and Barclays Capital also posted record margin tallies – of $21.8 billion, $18.3
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