Key facts
- Required initial margin at 25 central counterparties reached a record $1.4 trillion in Q1.
Required initial margin held at 25 central counterparties climbed 9.2% to $1.4 trillion in the first quarter, reaching a new record. The largest increase was seen in unnetted client accounts.
The significant rise in required initial margin at central counterparties indicates increased market volatility and potentially higher risk appetite or hedging activity, driven by geopolitical events like turmoil in Iran.
Required initial margin held at 25 central counterparties (CCPs) climbed 9.2% to a record $1.4 trillion in the first quarter. The largest increase was observed in unnetted client accounts, where margin rose 11.9% to $657.2 billion. House accounts saw a 7.5% increase, reaching $596.8 billion, while netted client accounts experienced a 1% drop to $137 billion.
Pick the topics you care about. Get only what matters, on your cadence.