Tiered Credit Account Structure

The tiered credit account structure is a clearing model that allows clearing members to permission a non-member broker intermediary to create and manage their customer accounts in CME ClearPort, creating a more simplified and streamlined way to manage risk.

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Benefits for Non-Member Broker Intermediary

  • Preserve customer anonymity from FCM
  • Ease of customer onboarding:
    • Ability to simply add and remove customers
    • If customer is not registered, non-member broker intermediary can be tagged as the owner of customer account
  • Directly manage credit at trading sub account level
  • Monitor credit utilization at the non-member broker intermediary account level for its customers

Benefits for CME Clearing Members

  • Simplified account and credit management
  • Management of credit at the master account level while non-member broker intermediaries manage credit at trading sub account level independently
  • Save time, money and regulatory burden without having to onboard customers or create accounts which is now done by non-member broker intermediary
  • Participate in CME Clearing for broader customer base

Resources

    • CME Clearing Members
    • CME Clearing Members Read the benefits and set-up procedure for non-member broker intermediary tiered credit account structure for clearing members.
    • FAQ: Non-Member Broker Intermediary
    • FAQ: Non-Member Broker Intermediary Read frequently asked questions about non-member broker intermediary tiered credit account structure, including venues, registration, and more.
    • Non-Member Broker Intermediary
    • Non-Member Broker Intermediary Get an overview of the tiered credit account structure for non-member broker intermediary, allowing you to create and manage your customers in CME ClearPort.

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