January 22, 2024 (NO COMMENTS)

LCH’s Paris-based credit clearing service disclosed its highest amount of initial margin (IM) requirements on record in the third quarter of last year, thanks to an influx of positions migrating from Intercontinental Exchange’s shuttered European unit.

CDSClear saw a 15.8% rise in IM to €9.4 billion ($10.3 billion) in the three months to September 30, 2023, the largest such figure since data became available in 2015.

House accounts were up 11.9% to €6.8 billion, while client accounts jumped 28% to