Ice Clear Europe default fund contributions jump 21%
The clearing house reported 78 clearing members for futures and options division
Members’ contributions to Ice Clear Europe’s default fund for the futures and options clearing service rose 21% to $3.4 billion in Q1 2019, the highest level on record.
The central counterparty’s own prefunded contributions jumped 17% to $183 million, in the three months to end-March.
Over the same period, mandatory contributions by members of the CCP’s credit default swap clearing service also increased, albeit at a slower pace. They hit €1.02 billion ($1.15 billion), 12% higher than the
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