LCH SA skin in the game fell in Q4
In contrast, pre-funded clearing member contributions to the default funds increased 10% to €6.1 billion
The amount of its own capital LCH SA had placed in the default funds for its four clearing services was 11% lower at end-2020 than a year prior.
As of December 31, LCH SA’s total skin in the game (SITG) came to €35 million ($42 million), down from €39 million at end-2019 and €37 million at end-September.
SITG dropped off sharpest at the cash and derivatives clearing service, from €11 million to
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