|Asset Class||Hard Dollar Limit|
|Letters of Credit2||$500 million|
|U.S. Government Agencies||$2 billion|
|Select MBS||$1 billion|
|Foreign Sovereign Debt||$5 billion5|
|Canadian Provincials||$100 million|
1 With respect to all foreign currencies, clearing members are subject to a $250 million USDE limit across the clearing member and affiliates for meeting requirements in a different currency. Offshore Chinese renminbi is capped at $200 million USDE across the clearing member and affiliates.
2 Letters of Credit are acceptable collateral for performance bond for Base products only and not permitted for house PB requirements, for financial-affiliated clearing members. Letters of Credit are capped at 25% of margin requirement.
3 Limits exist at the program level and at the firm level.
4 Gold is acceptable collateral for performance bond for House positions only.
5 Individual sub-limits: U.K., Germany, Canada, France, and Japan $1 billion USDE each; Australia $250 million USDE; and Mexico, Singapore, and Sweden $100 million USDE each.
Note: Gold, IEF2, IEF4, Foreign Sovereign Debt, Canadian Provincials, Stocks, and ETFs are capped at $5 billion USDE across the clearing member and affiliates and are capped at $7 billion USDE across the clearing member and affiliates in combination with U.S. Government Agencies, Agency MBS, TIPS, and STRIPS.
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