Page 2 - Default Fund Contribution News Today

Exit of Bell Potter exacerbates shortage of clearing capacity in Australia’s energy market

Clearing house close to depleting default fund under toughest credit stress scenario

Bank capital requirements on exposures to affected foreign CCPs could jump after June 28 deadline

Lack of UK recognition for Shanghai Clearing House could prompt banks to reduce exposures

The CCP’s futures and options division reported its second largest IM breach ever in Q4, as energy prices skyrocketed

CCP’s skin in the game fell slightly in Q4, making up 1.8% of the prefunded total

Risk.net Print this page   At most leading central counterparties (CCPs), the amount of own capital they put on the line to cover losses in the event of a clearing members’ default is vanishingly small relative to that contributed by participants. On average, CCP own funds made up a little less than 4% of prefunded default fund resources as of Q3.  Risk Quantum assessed data disclosed for 23 default funds across 10 top CCPs. The Fixed Income Clearing Corporation (FICC) had the ...

Risk.net Print this page   The Japan Securities Clearing Corporation’s (JSCC) skin in the game increased more than 9% over the third quarter, following the integration of the Japan Commodity Clearing House (JCCH). Own funds held by JSCC to handle a participant collapse amounted to ¥27.6 billion ($266 million) at end-September. This is up from ¥25.3 billion at end-June. The additional ¥2.4 billion was posted to cover the default of participants in the newly-integrated commo...