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 driven by lower market volatility during the quarter, the central counterparty (CCP) told Risk

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

You need to sign in to use this feature. If you don’t have a 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