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 18.1.1.1 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.

This visualization shows the estimated loss that would be absorbed by a derivatives clearinghouse in two closely related scenarios: the default of the single largest clearing member, as reported in field 4.4.3 of its quarterly public quantitative disclosures; and the simultaneous default of any two clearing members, as reported in field 4.4.7.

This visualization shows data on margin breaches, which happen when intraday price movements cause the actual marked-to-market exposure in the account of a clearinghouse member to exceed the initial margin held against that member account.  For each clearinghouse in this visualization, the amount shown represents the peak exposure in each clearing service over the previous 12 months, as reported in field 6.5.4 of the quarterly public quantitative disclosures. Peak exposure represents the maximum margin breach in any single member account over that time period. 

This set of visualizations shows the resources available to cover losses in the event of a default by one or more members of a derivatives clearinghouse. The data in the visualizations include prefunded resources only and exclude various other types of commitments, such as lines of credit and default insurance policies, that can be called on if the prefunded amounts are not sufficient to cover the losses. At some CCPs, the default resources are allocated to a specific line of business. At other CCPs, the default resources apply to all the products cleared by the CCP.

This visualization shows the resources available to cover losses in the event of a default by one or more members of a derivatives clearinghouse. The data in the visualization include prefunded resources only and exclude various other types of commitments, such as lines of credit and default insurance policies, that can be called on if the prefunded amounts are not sufficient to cover the losses.

This visualization shows the total amount of initial margin held by each CCP at the end of the quarter, as reported in field 6.1.1 of its quarterly public disclosures. Initial margin functions as the first line of defense against losses from a default. The amount is generally equivalent to the CCP's estimate for the potential loss on a position over a short time horizon, based on the current level of price volatility and historical data on extreme price movements.

This visualization shows the total amount of initial margin held by each CCP at the end of the quarter, as reported in field 6.1.1 of its quarterly public disclosures. Initial margin functions as the first line of defense against losses from a default. The amount is generally equivalent to the CCP's estimate for the potential loss on a position over a short time horizon, based on the current level of price volatility and historical data on extreme price movements.