Initial margin at OCC declined over Q4
Calmer markets triggered downward revision as requirements drop $30bn
Initial margin (IM) demanded by the Options Clearing Corporation (OCC) dropped by almost a third in the last quarter of last year, falling to levels not seen since early 2020. Total required IM – across all house and client accounts – fell almost $30.5 billion to $69.7 billion in the three months to end-December. The split was 23% for house accounts and 77% for clients accounts.
The decrease was
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