Quotes from the news wire:
We are sizing the default waterfall funds on a daily basis based on a test that combines the stresses of the 2008 crisis, the 1987 stock market crash, the failure of Long-Term Capital Management, and all of these other major events - together - and then making sure there is still enough pre-paid capital to withstand the failure of the two largest clearing members in that scenario.
Found on Reuters 9 years ago
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