EuroCCP, an Amsterdam-based clearing house that is set to be acquired by exchange group Cboe Global Markets, has been forced to seek a €1.5bn credit facility after coming up short in stress tests designed to gauge its resilience in a crisis scenario.

The extent of EuroCCP’s challenges have come to light in the clearing house’s delayed annual report for the 2018 calendar year, published on its website earlier this month. The acquisition by US-based Cboe is part of a package of “improvement measures” to address European regulators’ concerns, it said.