HKEX and LCH look to expand eligible collateral
Chinese government bonds in the frame as clearing houses seek to boost non-cash margin options
Source: risk.net
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Chinese government bonds in the frame as clearing houses seek to boost non-cash margin options
Some fear CCPs will fast-track recovery, others say any rulebook will be ignored in emergency
Even as markets churned in 2022, clearing houses coughed up only 2% of funds at end-September – the same as the previous year
Model update drives record-high liquidity risk
Stress loss based on hypothetical scenario was $390m higher than prefunded resources