Commodity CCPs buck trend with IM breaches in Q1
Precious metals and energy clearing units stand out, as most CCPs avoid breach surge despite Iran war turmoil
Commodity-linked clearing services were among the few central counterparty units to suffer a surge in initial margin breaches in the first quarter, as most clearing houses avoided a jump in backtesting exceptions despite market turmoil caused by the Iran war.
The Japan Securities Clearing Corporation (JSCC), Ice Clear Europe and the European Commodity Clearing (ECC) were among the outliers, with
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