Clearing Members and Concentration

This set of visualizations shows several sets of data related to the number of clearing firms at each derivatives clearinghouse. The first chart shows the number of general clearing members at each CCP, as reported in field of the quarterly public quantitative disclosures. The second chart shows the share of the total initial margin held by the top five general clearing members. The third chart shows the share of the total default fund resources contributed by the top five general clearing members.

IM Combined
IM Service Level
DF Combined
DF Service Level
Margin Breaches
Stress Loss

In those cases where the CCP offers separate clearing services, the chart shows the number of GCMs for each service. The vertical bar is set at 25 members, which corresponds to the threshold used in the quantitative disclosures to distinguish between large and small clearing services.

    Number of General Clearing Members by Subset
    PQD Field


    Share of Default Fund held by Top 5 Members
    PQD Fields 18.4.1, 18.4.2


    Disclaimer: The data in this report are collected from the exchanges.  FIA publishes this report for informational purposes and does not guarantee its accuracy or completeness.  FIA specifically disclaims any legal responsibility for any errors or omissions and any liability for losses or damages incurred through the use of the report.  Please notify if there are any errors or omissions.

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