Top clearing houses bolstered default funds over Q1
NSCC reported its guaranty resources grew 231%
The Depository Trust & Clearing Corporation, Eurex and the Japan Securities Clearing Corporation (JSCC) were among the leading central counterparties (CCPs) to strengthen the guaranty funds used to shield them from a member’s collapse in the first quarter.
The National Securities Clearing Corporation (NSCC), the DTCC division which handles equity and corporate bond clearing, said its default fund was $19.7 billion in size at end-March, up 231% from end-2019. The Fixed Income Clearing
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