JSCC member received $3bn cash call in Q3
The CCP revised its estimate of the worst-case payment obligation that would have to be met should one of its participants collapse
One clearing member of the Japan Securities Clearing Corporation (JSCC) triggered a ¥351 billion ($3.04 billion) payment call in the third quarter of last year, latest publicly available disclosures show.
The peak payment obligation, which includes margin, settlement obligations and all other dues to cover membership responsibilities, was 15% higher than the previous quarter.
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