On May 8, ECC announced automated minimum cash quota process.
ECC issued circular on introduction of automated minimum cash quota process.
Overview
Automated cash quota process for cash collateral that cover margin requirements.
Automated cash quota processing will be enabled per collateral pool for all clearing members, all pool types, so all available collateral pools are impacted by automation.
No impact on clearing fund collaterals; activation of functionality in production will be on Jun. 12, 2025; within the C7 simulation environment, activation already took place, allowing Clearing Members to verify their system on the new processing.
Automated Cash Quota Process
Since Jun. 1, 2023, each clearing member must maintain minimum cash quota of 50% total margin requirement, before applying margin credit from EUA, guarantee collateral.
Effectiveness
From Jun. 12, 2025, ECC will enable automated Cash Quota processing as announced.
