CME Group » Credit Default Swaps » CDS Clearing Member Requirements
CDS Clearing Member Requirements

All CDS clearing members of CME Group are subject to the following requirements – please note: CME Clearing members that do not clear OTC products or CDS do not have to meet all of the following requirements:

  • Minimum capital of at least $500 million
  • A screening based on:
  • Financial health via submission of certified and/or regulatory financial filings
  • Disciplinary history including verification with other exchanges where the firm is a member
  • Credit review through a credit check
  • Business activities and operation capacity
  • Approval of application by the CME Clearing Risk Committee