• Have sufficient financial capitalization (to justify the risks assumed in clearing trades)
• Be a corporation (including C Corporations, Subchapter S Corporations and Limited Liability Companies), a partnership (including Limited Partnerships and General Partnerships) or a cooperative association

• 2 CME memberships,
• 2 IMM memberships
• 2 IOM memberships
• 1 GEM membership
• At least 8,000 CME Group Class A shares assigned to the clearing member
• CME Group Class A shares must be owned by the clearing member or a parent company or a principal with an acceptable proprietary interest in the clearing member.

Please note:  If a clearing member wishes to have individuals placed on memberships that are owned by and/or assigned to the clearing member, they must apply for individual status. The individual membership process should coincide with the clearing membership application process.

• 2,500,000; or
• CFTC minimum regulatory capital requirements; or
• SEC minimum regulatory capital requirements
• Submit monthly Form 1-FRs (FCM-only firms) or FOCUS reports
• Including Exchange Supplemental Information, through WinJammer system within 17 business days of month-end
• Submit certified financial statements to the Audit Department within 90 days of fiscal year-end
• Broker/dealer clearing members must submit statements within 60 days of fiscal year-end

• Deposit must be the greater of the minimum requirement or its proportionate share of the “Aggregate Security Deposit”
  • Aggregate Security Deposit is an amount determined by the CME Clearing Risk Committee
    • Set at a percentage of the average aggregated performance bond requirements of CME for the previous 3 months
• Minimum security deposit is $500,000
  • Deposit amount based 85 percent on clearing member’s risk performance bond requirements with CME for previous 3 months and 15 percent on clearing member’s average number of contracts executed during previous three months
  • Security deposit is recalculated quarterly

• Performance bond and settlement for non-customer and proprietary positions held and cleared;
• Non-customer and proprietary trades executed by traders who are qualified by the clearing member, until accepted for clearing by another firm; and
• Non-customer and proprietary trades executed and processed through the Give Up System (“GUS”) by the clearing member, until accepted for clearing by another firm.
• Submit a parent guarantee for any person or entity which owns – directly or indirectly – five percent or more of the clearing member.
• Guarantor is liable to CME for all non-customer and proprietary obligations of the clearing member
• Clearing member’s ultimate parent should provide parent guarantee unless an intermediate company providing a guarantee has capital more than or equal to $300,000,000
• Execute a full guarantee if the individual or entity owns – directly or indirectly – 50 percent or more of the clearing member.
• Partial guarantee is required if the individual or entity owns more than five percent but less than 50 percent of the clearing member
• If a corporation or limited liability company is executing the guarantee, an authorized officer of the entity must sign the guarantee.
• The guarantor must also submit a corporate resolution stating the guarantor’s decision to issue the guarantee

• Clearing members may request an exemption from the parent guarantee requirements if:
• The clearing member maintains $300,000,000 or more in adjusted net capital;
• The clearing member doesn’t clear, execute and give up, or qualify individual traders who execute non-customer or proprietary trades; or
• The clearing member meets certain criteria and is determined to have minimal activity in the house origin