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.