Volatile Q2 reshapes margin composition at top CCPs
JSCC introduces new cash collateral method, CME sees gold hit record high
Initial margin (IM) breaches and calls jumped at central counterparties (CCPs) around the world during the second quarter, resulting in clearing members posting more collateral.
This took different forms at different CCPs. At CME Clearing’s futures and options unit, margin in the form of gold grew over the past 12 months, with clearing members posting $6.2 billion as of June 30 – up 19% quarter on
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