Key facts
- Five central counterparties (CCPs) recorded all-time highs for margin calls in the second quarter.
- Clearing Corporation of India (CCIL) reported record margin calls at three of its clearing services.
- In CCIL's forex forward segment, average variation margin rose 68.6% to INR198.4 billion ($2.1 billion).
- The largest single-day variation margin in CCIL's forex forward segment climbed 53.6% to INR366.2 billion.
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.