Two Ice clearing houses trim liquid assets
Ice Clear Europe and Ice Clear US both removed cash from commercial lenders in Q2
Ice Clear Europe and Ice Clear US pared their liquidity buffers – the pile of assets they hold to cover member cash shortfalls or defaults – by 10% and 12%, respectively, in Q2.
Ice Clear Europe disclosed $33.7 billion of liquid assets in total for end-June, down from $37.3 billion the previous quarter. The aggregate reduction was the first for the central counterparty (CCP) since Q4 2017. At Ice Clear US, the liquidity buffer fell $623 million to $4.8 billion.
Cash that Ice Clear Europe had
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