CFTC Expanded Interest Rate Swap Clearing Requirement

The U.S. Commodity Futures Trading Commission (CFTC) recently expanded the clearing mandate to include nine additional currencies of interest rate swaps.  All of these products are already available as part of CME Group’s industry leading 19 currencies available for clearing, and are part of the most capital efficient solution through our portfolio margining with listed futures.    

  • CME has become the global leader in Mexican TIIE Swap clearing since launching the product in December 2013. Currently 32 dealers are providing liquidity to 77 clients with ADV of $10.6B USDE in the first half of November*.
  • Over 60 market participants have cleared over A$687 billion in AUD IRS since launch in 2012. Open interest has grown to over A$283 billion as of November 15, 2016.

Expected CFTC IRS Clearing Extension Timeline

*ADV data as of November 15.

Contact a member of our team for further information:

North America

Shawn Creighton
+1 312 634 8812

Deepa Josyula
+1 212 299 2368

Liam Smith
+1 312 207 2538

Europe

Phil Hermon
+44 20 3379 3983

Stephanie Hicks
+44 20 3379 3867