Ice Europe’s liquidity risk at record high in Q4
Estimated largest payment obligation in euros more than double previous quarter’s figure
Euro-denominated liquidity risk at Ice Clear Europe surged more than twofold in the fourth quarter of 2023, hitting an all-time high.
The largest amount the central counterparty (CCP) would be left on the hook for in the event of a single clearing member and its affiliates defaulting in a reasonable worst-case scenario was equivalent to $11.5 billion. This was up from $4.4 billion in the third quarter, surpassing the previous record set in Q4 2022 by $6.6 million.
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