Barclays, RBC end 2024 with record-high swaps margin
Both dealers see double-digit increases, but year sees least growth in at least a decade
The clearing arms of Barclays and Royal Bank of Canada (RBC) set record highs for required swaps margin in December 2024, capping off a year of double-digit growth for both.
Barclays held $17.3 billion in required margin on December 31, up 7.5% from a month earlier and 13.8% from the same time last year. This meant the firm accounted for 10.7% of total margin across 15 reporting futures commission merchants (FCMs) – its highest market share since 2015.
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