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Mutual funds oppose variation margin use in clearinghouse recovery

By Anjelica Tan ( April 17, 2015, 19:00 GMT | Insight) -- Regulators should not allow variation margin payments to be tapped to help clearinghouses recover from a crisis, a mutual fund group said. The Investment Company Institute said Thursday that this burden would “unfairly” fall on the surviving customers of clearinghouse member banks if another member were to default.Regulators should not allow variation margin payments to be tapped to help clearinghouses recover from a crisis, a mutual fund group said. The Investment Company Institute said Thursday that this burden would “unfairly” fall on the surviving customers of clearinghouse member banks if another member were to default....

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