Ice Europe made $7.8bn VM call in Q3

Highest cash call on record triggered by higher commodity prices as Europe energy crisis persists

One Ice Clear Europe clearing member triggered a $7.8 billion variation margin (VM) call as volatility in energy markets persisted in the third quarter of the year.

The peak payment reported by the central counterparty (CCP) was 44% larger than the previous one, which occurred in Q4 2021, and the largest on record for the division clearing futures and options (F&O) contracts.

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