LCH UK units experience diverging IM requirements
EquityClear and RepoClear drop by half while SwapClear hits record high
Required initial margin (IM) shifted substantially and in opposite directions at LCH’s four UK-based clearing services in the fourth quarter.
On one end of the spectrum, interest rate swaps unit SwapClear’s IM rose 12.8% compared with the previous three months, landing at a record high of £188.9 billion ($241.7 billion). ForexClear experienced a larger increase proportionally, of 31.2% to $8.7
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