CME Inc. recently received notice that its Reserve Bank account with the Federal Reserve Bank of Chicago (the “Chicago Fed”) has been opened. The current authorization is limited to clearing member proprietary initial margin (performance bond).
As of November 14, 2016, CME will move a portion of the clearing member proprietary initial margin cash balances from its existing commercial depositories to the Chicago Fed. On and after that date, CME will pay an interest rate of 40 basis points per annum on overall clearing member proprietary initial margin cash balances.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.