DTCC default fund contributions shrink 16%

Members’ contributions to the Depository Trust & Clearing Corporation’s default funds dropped 16% in the first quarter of 2019, to $22 billion, their lowest level since Q1 2018.

Total pre-funded required participant payments to the default fund of DTCC’s equity and debt division, the National Securities Clearing Corporation (NSCC), fell 7% to $6.3 billion in Q1 2019.

Contributions to the government securities division (GSD) default fund dropped 17% to $12.4 billion, and those to the mortgage

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