• Portfolio Margining for Palm Oil Futures and Swaps

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 17-065
      • Notice Date
      • 13 February 2017
      • Effective Date
      • 13 February 2017
    • On Monday, February 6, 2017, CME Clearing began allowing portfolio margining of offsetting customer positions in commodity futures with highly correlated commodity swaps. The initial set of eligible products are:

      • USD Malaysian Palm Oil Calendar Swaps (product code CPC) versus USD Malaysian Palm Oil Calendar Futures (product code CPO)
      • USD Malaysian Palm Olein Calendar Swaps (product code OPS) versus USD Malaysian Palm Olein Calendar Futures (product code OPF) 

      Clearing firms may elect to offer this portfolio margining if they have customers with offsetting positions in the specified commodity futures and swaps. 

      Please click here for the full text of this advisory.