ICE’s Clearinghouse Had $1 Billion Margin Breach Last Year

https://finance.yahoo.com/news/ice-clearinghouse-had-1-billion-150804079.html

 

What happens if there was a mass default
Are taxpayers going to fill up the hole of 1B ?

 

1 billion not what it used to be

 

Swap the first two words of your question and you will have your answer.

 

Most clearinghouses draw to replenish any shortfall from the member firm community. The only possible way the public could get involved is if you are a stockholder and the firm's price declined. The only one I recall was an $8 million shortfall at OCC in 10/87, but there have been others as I recall.

 

ICE Euro Clearing holds $65 billion