Initial margin requirements for IR swaps hit record $325bn
CME, Eurex and LCH report aggregate 10% rise in month marred by most severe crisis since 2008
Initial margin requirements for interest rate swaps (IRS) hit the highest on record in March, data from the Commodity Futures Trading Commission (CFTC) shows.
Aggregate initial margin required for IRS trades by CME Clearing, Eurex and LCH Ltd across all house and client accounts hit $325.2 billion at end-March, up 10% month-on-month and the highest since 2013.
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