CLEARING OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2022

CLEARING OPERATIONS

Schedule of total clearing participant deposits

The following tables present the Company’s total clearing participant deposits as of September 30, 2022 and December 31, 2021 (in millions):

	September 30, 2022
	Cash Contributions		Non-Cash Contributions (1)		Total Contributions
Margin deposits	$	902.9	$	593.7	$	1,496.6
Clearing funds		107.5		36.3		143.8
Interoperability funds (1)		849.2		189.1		1,038.3
Total	$	1,859.6	$	819.1	$	2,678.7

	December 31, 2021
	Cash Contributions		Non-Cash Contributions (1)		Total Contributions
Margin deposits	$	600.0	$	287.0	$	887.0
Clearing funds		145.9		41.9		187.8
Interoperability funds (1)		423.3		92.6		515.9
Total	$	1,169.2	$	421.5	$	1,590.7

(1) These amounts are not reflected in the condensed consolidated balance sheets, as EuroCCP does not take economic ownership of these balances.

Schedule of cash deposits and safeguarded digital assets

The table below presents the Company’s cash deposits and safeguarded digital assets held on behalf of its customers for the purposes of supporting clearing transactions as of September 30, 2022 (in millions):

	September 30, 2022
Customer bank deposits	$	18.9
Digital assets - safeguarded assets		24.0
Total	$	42.9

Schedule of valuation of digital assets - safeguarded assets and safeguarded liabilities

The following table depicts the Company’s valuation of digital assets – safeguarded assets and safeguarded liabilities as of September 30, 2022:

Digital Asset	Number of Units	Valuation per Unit		Fair Value (in millions)
Bitcoin	709	$	19,427	$	13.8
Ethereum	5,735		1,332		7.6
Litecoin	14,581		53		0.8
Bitcoin Cash	6,033		122		0.7
USD Coin	1,098,450		1		1.1
Total				$	24.0