Morgan Stanley’s default fund contributions jump $1.9bn in Q2

- By Joshua Walker
- 05 Oct 2023

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Morgan Stanley increased its contributions to the default funds of central counterparties (CCPs) by 31.2% in the second quarter – the most among the top US clearing banks.

Default fund contributions rose $1.86 billion to $7.82 billion between March and June, their highest level since Q1 2022.

Over the same period, Bank of America reported an all-time high of $11.4 billion, up $1.3 billion or 12.9%. The latest figures beat the previous record of $10.3 billion also set in Q1 2022.

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