About one-third of OTC trades require no margin or collateral requirements at all.
That would subject the contracts to margin and collateral requirements.
While Mr. Dimon admits raising collateral requirements, he denies causing the demise of Lehman or Merrill.
"Weaker collateral requirements mean the policyholders are at greater risk," he said.
Whereas banks could tailor collateral requirements to the nature of their customers, CCPs will impose uniform margin requirements on everyone.
Without one, they argue, increased collateral requirements for cleared trades would make hedging their everyday risks much more expensive.
Investors tried to stir it in with other variables: inflation, deflation, the euro, the yen, China, Basel, consumer spending, mortgage applications, nominal G.D.P., collateral requirements under Dodd-Frank.
The fund said it was able to meet margin calls and collateral requirements totaling more than $60 million between Feb. 28 and March 5.
Immediately after the earthquake, Ms. Pierre-Louis said, Haiti's central bank should have guaranteed loans or loosened its collateral requirements to help small businesses trying to reopen.
The spreadsheets and e-mails previously used to monitor and communicate collateral requirements may be ditched in favour of dedicated applications.
Over the next week or so, the exchange decided to raise collateral requirements even higher, in four more steps that would kick in every couple of days.
