CCP default funds grew to record size ahead of Iran war
End-2025 figures show widespread increases in prefunded resources
Total default resources stood at $107.2 billion across 24 central counterparties (CCPs) at the end of 2025, marking a record high ahead of the turbulence seen earlier this year.
Aggregated default funds – including CCPs’ own capital and member contributions – rose 2.3% quarter on quarter, although several individual clearing houses recorded much larger increases.
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