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Irish debt collateral rises above 50% for first time

The collateral demanded by LCH.Clearnet to trade Irish bonds has risen above 50% for the first time as fears continue over the eurozone sovereign debt crisis

The amount of collateral needed to trade Irish Treasury bonds has increased to over 50% for the first time, as fears over the eurozone sovereign debt crisis continue.

The clearing house LCH.Clearnet increased the margin requirements needed to trade Irish debt from 45% to 55%. Margin requirements have been steadily increasing since November last year, when requirements were just 10%.

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