As a follow up to the Advisory Chadv14-393 dated October 6, 2014, below are some additional details related to the Cash Interest Pass-Through program.
Clearing members will receive a daily csv file via ftp denoting the eligible USD cash balances, applicable interest rate and estimated daily accrued interest to be paid. Eligible USD cash balances are taken from the end of day collateral file (CMEEodCollat) file that clearing members currently receive each day via ftp.
Clearing members will also receive a monthly recap file that shows daily eligible cash balances on the 1st business day following month end. Clearing members will have until the end of the 3rd business day of following month to propose any adjustments to eligible cash balances on which interest will be paid. Interest will be paid between the 7thand 10th day of the month. Please send any adjustment requests to CHCollateralservices@cmegroup.com.
Interest will be paid to the respective account class (CSEG, NSEG, COTC) in which the balance was generated. If clearing members wish to have interest paid to a different account class please contact CME Clearing by email using the contact information provided below.
Clearing members may opt of out of the Cash Interest Pass-through Program completely or by account class by contacting CME Clearing by email using the contact information provided below.
For more information or to request changes to your clearing member setup, please contact CME Clearing by email at CHCollateralservices@cmegroup.com.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.