• IMPORTANT UPDATE #2 – Rule Changes and Sequestration Statement Details Published Effective July 19, 2010

      • To
      • Clearing Members; Back Office Managers
      • From
      • CME Clearing
      • #
      • 10-256
      • Notice Date
      • 20 July 2010
      • Effective Date
      • 19 July 2010
    • UPDATE #2 – Rule Changes and Sequestration Statement Details Published

       

      Audit Information Bulletin #10-07 was published on July 16.  This advisory details CME rule changes which have been approved by CME’s Clearing House Risk Committee for the cleared OTC derivatives account class and which will be effective upon CME’s implementation of this class.  To clearly distinguish it from both Segregated or Secured Part 30.7 customer protection rules, the new account class has been titled “Sequestered”.  The bulletin contains the full text of the rules and describes the daily Sequestration Statement which FCM’s must prepare.

       

      For the full text of this bulletin, please seehttp://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/AIB_10-07_-_Cleared_OTC_Sequestration_Requirements_-_July_2010.pdf

      For a full text of Advisory 10-256, please click here