Standard Acceptable Collateral and Resources

CME Clearing manages billions of dollars each day in the process of balancing accounts and maintaining performance bonds/margins.

CME Clearing is dedicated to meeting the needs of its clearing firms and end-clients in regards to collateral acceptance while accepting a diverse portfolio of assets. CME Clearing will consider the acceptance of additional collateral types, given that it is high quality and highly liquid collateral that is appropriate for the industry. For more information, click here.

Learn more about:

  • Types of collateral that can be used
  • Ways members can earn interest on their deposit
  • Daily financial processing cycle

Navigate the tabs to view standard acceptable collateral for the different asset types.

Collateral Programs
 

Description of IEF Programs

 

View the Guide to CME Group Collateral Management Programs

 

IEF2
IEF3
  • Supported through a partnership with The Bank of New York (BNY) and JP Morgan (JPM).
  • Clearing firms are debited cash in the morning and substitute CME approved collateral in the afternoon.
  • Collateral is moved into a tri-party account, controlled by CME, at either BNY or JPM.
  • The deal unwinds in the morning of the next business day and begins again.
IEF4
  • Supported through a partnership with BNY and JPM.
  • Is a “term” pledge of securities with the “term” defined by the clearing member.
  • Clearing firms transfer securities into a tri-party account, controlled by CME, at either JPM or BNY.
  • Substitutions may occur during the business day as long as the “deal” amount is not violated.
IEF5
  • Began in July, 2004.
  • Supported through a partnership with JPM, Fifth Third Bank and Deutsche Bank.
  • A bank account that pays a monthly “hard dollar” benefit.
  • All transfers processed by CME on behalf of the clearing firm.

 

 
 
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