Intercontinental Exchange Invested deposits, delivery contracts receivable and unsettled variation margin increased by 68.3% to $4.44B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 105.1%, from $2.16B to $4.44B. Over 2 years (FY 2023 to FY 2025), Invested deposits, delivery contracts receivable and unsettled variation margin shows an upward trend with a 56.4% CAGR.
Fluctuations reflect the volume and timing of contract settlements, with higher levels often indicating increased clearing activity.
This captures the value of deposits and receivables related to the physical or financial delivery of underlying assets i...
Unique to derivatives exchanges; peers will show similar items related to settlement cycles and delivery obligations.
current_assets_invested_deposits_delivery_contracts_rece_d8b710| Q4 '23 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|
| Value | $1.81B | $1.12B | $2.16B | $4.11B | $2.95B | $2.64B | $4.44B |
| QoQ Change | — | -38.3% | +93.3% | +90.0% | -28.3% | -10.6% | +68.3% |
| YoY Change | — | — | +19.2% | — | — | +135.6% | +105.1% |