My monthly Swaps Review looks at Initial Margin requirements as disclosed in the recently published 1Q 2020 CPMI-IOSCO Quantitative Disclosures for CCPs, showing:

• The extent of the IM increases in Q1 2020
• The wide variance by product class
• 23%, 46%, 66% for IRS, CDS, F&O respectively
• The wide variance between CCPs in the same product class
• 20% to 100% increases for F&O CCPs

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Source: https://www.clarusft.com/swaps-data-initial-margin-soars-in-q1-2020/?utm_source=rss&utm_medium=rss&utm_campaign=swaps-data-initial-margin-soars-in-q1-2020