Key facts
- Five central counterparties (CCPs) recorded all-time highs for margin calls in the second quarter.
Five central counterparties (CCPs) recorded all-time highs for margin calls in the second quarter, with India's CCIL reporting record levels across three of its clearing services. The forex forward segment saw average variation margin rise 68.6% to INR198.4 billion ($2.1 billion).
Record margin calls at major clearing houses can signal heightened volatility and risk in financial markets, potentially leading to liquidity strains and increased costs for participants.
Five central counterparties (CCPs) experienced all-time highs in margin calls during the second quarter, according to an analysis by Risk Quantum. The Clearing Corporation of India (CCIL) was among those reporting record levels, with three of its clearing services seeing unprecedented margin calls. In its forex forward segment, CCIL observed an average variation margin increase of 68.6% to INR198.4 billion ($2.1 billion). The largest single-day variation margin in this segment also reached a record, climbing 53.6% to INR366.2 billion.
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