CCPs mull collateral options amid debt ceiling deadlock
Isda AGM: Raising haircuts and minimum maturities are among measures on the table to avoid a cliff-edge
Clearing houses are in a dilemma over the treatment of short-dated US Treasury collateral as talks over raising the US debt ceiling remain deadlocked despite cautious optimism that a deal could be edging closer.
If no agreement is reached the US could crash into default as early as June 1, and any Treasury collateral that matures before a solution is found would expire worthless. While talks are expected to resume on Tuesday (May 16), a stalemate would leave clearing house members and their
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