National Securities Clearing Corporation (NSCC)
Top clearing houses bolstered default funds over Q1
NSCC reported its guaranty resources grew 231%
DTCC’s mortgage unit hit by $1.5bn margin breach in Q1
A large, directional portfolio $100 billion in size was to blame
Defaults would dent, but not destroy, CCP liquidity buffers
Max payment obligations in event of member default would be sufficiently covered
DTCC default fund contributions climb 15%
CCP had 270 clearing members at end-June
DTCC members add $26bn to default funds in 2018
Clearing house's own contributions dipped $8.5 million last year
NSCC posts $137m margin breach
Securities CCP records largest margin shortfall since public disclosures began
DTCC introduces real-time trade-matching service
The New York-based Depository Trust and Clearing Corporation (DTCC) has introduced real-time trade-matching (RTTM) services for corporate and municipal bonds and unit investment trusts (UITs), a move it called a significant step in the industry’s…