Topics in this issue include:
† Denotes update to the article
On Monday, June 15, 2015, CME Clearing began a phased approach to automating the account set-up process. Benefits include:
Please note: This change does not affect Portfolio Margining, CME Clearing Europe, or New Release account set-ups. These processes will continue to require a Consolidated Account Setup Sheet.
CME Clearing will implement this upgrade in two phases:
Phase 1: Monday, June 15 - Launched
CME Clearing will no longer provide mapping documentation to affirmation platforms.
Phase 2: Monday, June 29
CME Clearing will no longer require Clearing Member Firms to send the Consolidated Account Setup Sheet for OTC account creation.
Please Note: The process of adding new accounts to CME Account Manager will not change. The procedure is outlined within the CME Account Manager WebHelp.
Additional information including platform mapping file examples is available here.
† Phase 3: Monday, July 13, 2015
Effective Sunday, July 12 (trade date Monday,July 13), all Clearing Member Firms will be required to enable accounts for the CME Portfolio Margining program via CME Account Manager only. This provides a more efficient set-up process, as Clearing Firms will no longer need to contact CME Client Services Team for these setups.
Firms may begin enabling accounts for the CME Portfolio Margining program via CME Account Manager starting Sunday, June 21 (trade date Monday, June 22).
To use the Portfolio Margining option
For more information, click here to access the Creating Accounts or Credit Controls topic.
For questions or more information ,please contact Client Services at +1 312 338 7112.
In response to the June 30 Leap Second Event, CME Group strongly recommends CME Account Manager customers finish their processing prior to 18:55 Central Time (CT) on this date and not access CME Account Manager between 18:55 and 19:05.
CME Group uses Network Time Protocol (NTP) to synchronize time and maintain time accuracy. On Tuesday, June 30 (trade date Wednesday, July 1), a positive leap second will be added after 18:59:59 CT. A leap second is a one-second adjustment that is added to Coordinated Universal Time (UTC) to account for variability of the earth’s rotation.
Please contact the Global Command Center (GCC) in the U.S. +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010.
Additional information is available at cmegroup.com/leapsecond