Peak IM call hits record $4.8bn at FICC’s GSD
Required IM also rose to all-time high during volatile Q1
The government securities division (GSD) of the Fixed Income Clearing Corporation (FICC) demanded $4.8 billion in initial margin (IM) from its members on one day during the first quarter of the year.
The peak IM call was 78% bigger than the previous quarter’s, and the highest on record.
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