Clients’ share of IRS clearing margin hit record high
Data from CME, Eurex and LCH shows clearing members’ house IM fell in January, pushing client proportion to 67.7%
The share of required initial margin (IM) in client accounts to clear interest rate swap (IRS) trades at CME Clearing, Eurex Clearing and LCH Ltd hit a record 67.7% at the end of January, data from the Commodity Futures Trading Commission (CFTC) shows.
Required client IM inched up 0.2% ($467 million) in the first month of the year, hitting $206.1 billion, while required IM from clearing members’ house accounts shrank 2.8% ($2.8 billion) to $98.3 billion – the lowest level in seven months.
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