DTCC default fund contributions climb 15%
CCP had 270 clearing members at end-June
Members’ contributions to the Depository Trust & Clearing Corporation’s default funds surged 15% in the second quarter of 2019, to $25.3 billion.
Total pre-funded required participant payments to the default fund of the DTCC’s equity and debt clearing unit, the National Securities Clearing Corporation (NSCC), rose 3% to $6.5 billion in Q2 2019.
Contributions to the government securities division (GSD) default fund increased 25% to $15.5 billion, and those to the mortgage-backed securities
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