Key facts
- The estimated largest payment obligation a single clearing member would owe in a default scenario reached record highs at three central counterparties in the second quarter.
- The metric of liquidity risk rose 74.9% to ¥1.43 trillion ($9.4 billion) at the Japan Securities Clearing Corporation (JSCC).
- The metric of liquidity risk rose 72.4% to $66 billion at the National Securities Clearing Corporation (NSCC).
The estimated largest payment obligation a single clearing member would owe in a default scenario shot up to record highs at three central counterparties (CCPs) in the second quarter. The metric of liquidity risk rose 74.9% to ¥1.43 trillion ($9.4 billion) at the Japan Securities Clearing Corporation (JSCC) and 72.4% to $66 billion at the National Securities Clearing Corporation (NSCC). Eurex also saw its liquidity risk metric rise, though specific figures were not provided in the available text.