Required client margin held by Credit Suisse’s swaps clearing unit dropped $4.3 billion in the second quarter of the year – the biggest decrease of the 15 reporting futures commission merchants (FCMs).
Data from the Commodity Futures Trading Commission (CFTC) shows the bank held $8.7 billion of required client initial margin to cover their swap trades, the lowest level on record, and 33% lower than in Q1.
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