Please note that CME Clearing has made three updates to the Account Reconciliation Reports effective immediately –
· Addition of Initial Margin Account – this new column will indicate the initial margin account for each customer account. Clearing Member Firms will find this particularly useful for setups involving multiple customer accounts rolling into one initial margin account.
· Produce reports in New Release (UAT) environment – Effective Monday, August 27th, CME Clearing began producing the Account Reconciliation Reports in the New Release (UAT) environment.
File naming convention is – AccountRecon_###_YYYYMMDD_NR.csv
· Run Reports More Frequently – to provide Clearing Member Firms with the ability to check on the status of their accounts throughout the day, CME Clearing will post the reports multiple times to the FTP servers. CME Clearing will run the reports at the following times (all times quoted in Central Time) – 2:00 a.m., noon and 5 p.m. Please note that the files will post with the same file name noted in the advisory below.
Please see the original advisory notice below and updated file specification on page 3 of this advisory notice.
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 production and new release files are as follows –
Production = AccountRecon_###_YYYYMMDD.csv
New Release = AccountRecon_###_YYYYMMDD_NR.csv
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).
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
For the full text of this advisory....