JP Morgan warns hedge funds to expect intraday margin calls
US bank may demand variation margin ‘up to seven’ times a day after Archegos default
(www.risk.net)
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Easy there, tiger. Bad attribution of a real effect, the cause is NSCC-2021-002, which requires hourly reporting for securities traded on margin. Has nothing to do with Archegos other than to make a clickbait-y headline.
Banks are making sure they're not going to get stuck holding the bag for bad bets made by the investment companies they're backing.
Spez: I totally forgot. Risk.net were the ones that gave Kenny G a lifetime achievement award in Feb. Consider that a source owned by the enemy.
Fair enough. I went through several articles before I found this one. I'll be a bit more diligent selecting the article to link to next time.