Volatility fuels record growth in CDCC’s default fund
Skin in the game increase overshadowed by member contribution spike in Q1
The Canadian Derivatives Clearing Corporation (CDCC) expanded its default fund by 22.1% in the first quarter to an all-time high of C$5.3 billion ($3.8 billion).
The latest surge built on previous rises, resulting in a year-on-year increase of 46.8%.
The growth was driven primarily by higher member contributions, which rose 21.8% to $5.3 billion. CDCC’s own capital – or skin in the game (SITG) –
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