Estimated stress losses at CME, Eurex and LCH surge to record high
Latest projections likely behind increases in contributions to CCPs’ default funds in Q2
In the second quarter, three central counterparties (CCPs) sharply hiked their estimates of the largest stress losses in excess of initial margin that would be caused by either a single or a double member default.
Eurex Clearing’s peak hypothetical stress loss rose 24% to €4.6 billion ($5.1 billion) in the event of one of its members and its affiliates defaulting, and 18% to €8.1 billion in a double-member default scenario.
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