• IBA CDS Determinations Fee – Revised Effective Date

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      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 17-246
      • Notice Date
      • 27 June 2017
      • Effective Date
      • 01 August 2017
    • Please be advised that the effective date for the fee with regards to the ICE Benchmark Administration (IBA) for facilitating the Credit Determination Committee has been delayed from July 1, 2017 to August 1, 2017. As noted previously, IBA will begin charging a fee on all cleared CDX and iTraxx products. CME will pass this cost onto market participants via a new fee type labeled “IBA CD Fee”, which will be included in the daily fee file. The FABC.CDSDATA.FEEBILL file will reflect the new fee type for COB August 1. Sample CDS fee files are available for reference on the IntraLinks site.

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