Global CCPs suffer record IM breaches in tariff-hit Q2
JSCC leads surge ahead of Eurex, CDCC, OCC and LCH
Initial margin (IM) breaches surged at central counterparties (CCPs) worldwide in the second quarter, driven by tariff-induced market volatility in early April.
The Japan Securities Clearing Corporation (JSCC) reported below-target coverage levels – the proportion of time over the preceding 12 months that margin requirements were met – at three clearing services.
At its interest rate swaps (IRS)
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