3 times now in the last 5 days hedge funds have been called out for receiving the vast majority of their repo financing in the non-centrally cleared market, where haircuts or initial margin requirements are not necessarily applied
3 times now in the last 5 days hedge funds have been called out for receiving the vast majority of their repo financing in the non-centrally cleared market, where haircuts or initial margin requirements are not necessarily applied and that this might create greater risk in times of stress. Why?
![](https://dismal-jellyfish.com/content/images/2023/08/image-109.png)
![](https://dismal-jellyfish.com/content/images/2023/08/image-110.png)
![](https://dismal-jellyfish.com/content/images/2023/08/image-111.png)