UniCredit slashes CCP exposures by nearly 40% in a year
Lower exposures at default for exchange-traded derivatives the main driver behind overall drop
UniCredit’s exposure to central counterparties (CCPs) dropped 38.6% year on year at the end of June, as the dealer dramatically cut exposures linked to cleared derivatives trades.
Exposures at default (EAD), stemming from cleared trades, initial margin and default fund contributions, stood at €9.3 billion ($10.3 billion), down from €15.1 billion in June 2023.
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