Margin & Financial Safeguards
A robust framework of margin requirements and Clearing Fund resources helps address participant exposures and support market stability.
Risk Management
FICC's risk management framework combines margining, financial safeguards, monitoring, stress testing and transparency to support market resiliency and confidence.
Risk Management
Built to Protect the Market
Through established risk controls, methodologies, monitoring and financial safeguards, FICC helps manage the risks associated with cleared activity while supporting the resilience of critical market infrastructure.
Delivering Value
Risk Monitoring & Oversight
Continuous monitoring of activity, exposures, and market conditions helps identify emerging risks and inform timely risk management actions.
Stress Testing & Risk Analytics
Scenario analysis and stress testing help evaluate the effectiveness of risk safeguards under extreme but plausible market conditions.
Guaranty Fund Enhancement
The proposed Guaranty Fund Enhancement separates initial margin from default resources, creating a dedicated fund to absorb mutualized losses in a default scenario. The framework is designed to increase transparency, improve predictability of member exposures, and strengthen FICC's overall default management approach.
The statements and other information available on and through this page, including information in any links and documents available on this page, is for informational purposes only. Please refer to the GSD Rules for descriptions of the rules, procedures, and all rights, obligations, and other requirements of both FICC and its participants in connection with their use of GSD’s services. In the case of any discrepancy between the information available here and the GSD Rules, the GSD Rules govern.