FCM swaps margin climbs to record $173bn
Barclays, Bank of America and Royal Bank of Canada post all-time highs
Required margin for cleared swaps grew to a record high at US futures commission merchants (FCMs) in the first half of June, data from the National Futures Association shows.
The 17 reporting firms held a combined $173.2 billion in client margin requirements as of June 16, up 1.5% over the previous two weeks.
Among the major firms, Royal Bank of Canada had the largest proportional rise, with margin
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