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Risk Management and CME SPAN
Overview
The CME Clearing Risk team determines initial performance bond/initial margin utilizing the CME Group proprietary SPAN margin system. The SPAN system is a global industry standard, made available by license agreement, that:
- Monitors market activity, including large positions and concentrated positions
- Performs a twice daily mark-to-market of open positions
- Manages risk through multi-lateral netting by customer and house account per firm
- Assures the segregation of customer assets from firm assets
Performance Bonds / Margins
Performance bonds/margins vary according to product and market volatility. View current requirements to see the impact of recent markets on your trading account requirements.
SPAN
Standard Portfolio Analysis of Risk (SPAN) is a highly sophisticated, value-at-risk methodology that calculates performance bond/margin requirements by analyzing the "what-if's" of virtually any market scenario.
