† Denotes update to the article
† The full implementation of Phase 3 (scheduled for Monday, July 13), has been postponed. A new implementation date will be announced in future CME Account Manager notices.
† Please note: Clearing firms should continue to set up portfolio margin accounts in CME Account Manager and send the CME Client Services Team the consolidated account setup form for portfolio margin accounts until further notice.
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 setups. These processes will continue to require a Consolidated Account Setup Sheet.
CME Clearing will implement this upgrade in three 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 – Partial Launch
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. Additionally, for the foreseeable future, Clearing Member Firms should also send the CME Client Services Team the consolidated account setup spreadsheet. This will allow CME Clearing to continue testing this new phase and eventually allow for Clearing Firms to no longer have 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.