Methodology change drives Eurex liquidity obligation to record
Limiting offsets to private-sector securities pushes estimated hypothetical obligation up 79%
Eurex Clearing reported a record estimated payment obligation under extreme but plausible market conditions in the fourth quarter of 2025, after introducing methodological changes to its liquidity calculations.
The central counterparty (CCP) disclosed the largest multi-day payment obligation of €24 billion ($27.7 billion), up 78.8% from three months earlier and the highest on record. Its largest
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