To provide additional transparency to Clearing Member Firms as to the status of their OTC trading account setups, CME Clearing will produce and post Account Reconciliation Files to each Clearing Member Firm’s secure FTP site effective immediately.
The file will display each trading account registered to trade OTC credit default swaps, interest rate swaps and FX swaps. Additionally, the file will show whether or not a particular trading account is completely setup or not.
Clearing Member staff involved in the onboarding of new OTC accounts will find this file particularly helpful when determining which trading accounts are completely setup and which accounts are still in process at CME Clearing.
The key field for each account is the “Complete” column. This column will indicate whether the account’s setup at CME Clearing is complete or not. Please note that this column does not indicate whether the account setup is complete at the affirmation platform.
The naming convention for the file is as follows –
Where ### equals the 3 digit CME-assigned CMF identifier
The files will be available each evening by 7:00 p.m. CT (8 p.m. ET).
Please note that these files are available in the Production environment only. CME Clearing will produce these files in the New Release (UAT) environment in the upcoming weeks. Additionally, CME Clearing will be adding the performance bond account (initial margin account) to the file soon.
If you have any further questions about this file, please contact the CME Client Services Team by telephone at 312-338-7112 or by email at firstname.lastname@example.org
CLEARING_FIRM_NAME Clearing firm name
CLEARING_FIRM_ID CMF number at CME Clearing
ORIGIN CUST or HOUS
ACCOUNT_NUMBER Client account ID as registered
OWNER_FIRM Client Account Owner
OWNER_FIRM_SHORT_NAME Client account Owner shortname
ASSETMGR_FIRM Asset Manager fullname (if applicable)
ASSETMGR_SHORT_NAME Asset Manager shortname (if applicable)
LEI Legal Entity Identifier for the Client Account Owner
CME_ACCOUNT_ALIAS Account alias for all OTC products except IRS
IRS_ALIAS Account alias for IRS products
PLATFORM_NAME_1 Up to three affirmation platforms
PLATFORM_ALIAS_1 and the account’s alias on each such platform
STATUS RAV Manage Status – A = Active, I = Inactive
IRS_CREDIT_CONTROL Credit control status for IRS, CDS or OTC FX
CDS_CREDIT_CONTROL “CME HOSTED” or “CLAIM”
IRS_NETTING_ALG Netting algorithm for IRS, CDS or OTC FX
IRS_FEE_CLASS Fee classification for IRS, CDS or OTC FX
IN_RAV_IRS RAV permissioning by asset class, either -
IN_RAV_CDS NONE, ALL, SPECIFIC
IN_CLEARING_IRS Clearing permissioning by product class
COMPLETE Completion status Y or N
CREATION_DATE Date created
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