Ice Clear Credit worst-case liquidity scenario worsens by half

Estimated largest payment obligation at highest ever level in euros in Q4 2022

The amount of money that Ice Clear Credit would have to pay following the default of one of its clearing members surged to a new high in euros in the last quarter of 2022. The change was driven by market volatility, a climb in clearing activity and increased exposures in euro-denominated products.

The estimated largest payment obligation for Ice’s credit derivatives clearing arm rose to €1.3 billion, the most since records began in 2015, and a 49% increase on Q3 2022.

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