Acuiti today publishes the Q1 2023 Clearing Management Insight Report, produced in partnership with Quantile.
This report is based on a quarterly survey of the Acuiti Clearing Expert Network, a group of over 100 senior executives from across the global clearing industry. In this issue, Acuiti reviewed the LDI Pension Fund crisis, exchange ownership of GCMs, rebates of interest on margin held and a deep-dive on managing margin and collateral in volatile markets.
Some of the key findings included:
- Clearing firms are strongly opposed to exchange ownership of clearing members citing conflict of interest as the key reason for their opposition
- The market is seeing demand from clients to rebate income made from interest on margin held on their behalf. Almost three quarters of FCMs are granting partial rebates to some clients.
- Four fifths of the Expert Network believe that pension funds should not be permanently exempt from clearing in the EU and UK
To download the full report, fill out the form below.