In April 2012, CME Group established a $100 million Family Farmer and Rancher Protection Fund to provide further protection of customer segregated funds for U.S. family farmers and ranchers who use CME Group markets to hedge their crops and livestock that feed the world. For registration information, please consult the resources below.
Under the terms of the Family Farmer and Rancher Protection Fund, farmers and ranchers using CME Group products will be eligible for up to $25,000 per participant in the case of losses resulting from the future insolvency of a clearing member or other market participant. Farming and ranching cooperatives also will be eligible for up to $100,000 per cooperative. If losses in a future failure total more than $100 million, participants will be eligible for a pro-rata share of the fund, up to $100 million.
Clearing members and eligible family farmers, ranchers and agricultural cooperatives must register in advance with CME Group and provide certain documentation in order to substantiate their eligibility.
For more information, please consult the resources below.