CME Group has recently announced a centralized clearing service for OTC FX trades through CME ClearPort.

With the open-access, platform-agnostic structure of CME ClearPort, you have access to a post-execution clearing service that lets you control how, with whom, and on what terms you trade – while increasing your security, efficiency and confidence.

Scope of Service for FX through CME ClearPort
Initially you will be able to clear spot, swaps and forwards on eight currency pairs:

Going forward, additional currency pairs, options and NDF currencies will also be available.

Click to Enlarge

What is CME ClearPort?
CME ClearPort is a comprehensive set of flexible solutions for the OTC market that enables you to substantially mitigate counterparty credit risk in the OTC marketplace. Launched in 2002 to provide centralized clearing services and mitigate risk in the energy marketplace, today CME ClearPort clears more than 500,000 contracts daily, across multiple asset classes. The service brings together more than 10,000 global registered users and features more than 700 products, with more to come.


Key Benefits

Mitigate Your Counterparty Risk
CME ClearPort uses a central counterparty clearing model, where counterparty credit risk is shared among clearing members. This allows the central clearing house to guarantee the performance of every transaction.

Benefit from Segregated Funds
Our cleared OTC FX transactions are covered under a 4d order by the Commodity Futures Trading Commission (CFTC). This allows us to offer you the added benefit of segregation of funds and bankruptcy portability of your positions and funds in case of a default.*

Enhance Operational Efficiency
Post-trade clearing and processing with CME ClearPort eliminates significant documentation time. In addition, all OTC FX positions (e.g., spot, forwards, swaps, options, NDFs, etc.) sent to CME Clearing allow for the same powerful cross-margin efficiencies as exchange-traded FX futures and options.

Get Started Today
How to Register and Get Started on CME ClearPort
How to Access and Enter Trades for Clearing through CME ClearPort
View DEMO: How to Register and Enter Trades through CME ClearPort

Learn More About FX through CME ClearPort
For additional information and to learn more, contact fxteam@cmegroup.com. You may also call our teams in the following cities:

Resources
Introduction to FX through CME ClearPort (PDF)
Frequently Asked Questions (FAQ) for FX through CME ClearPort (PDF)
CME Group CEO Craig Donohue discusses OTC FX
- View Speech
- Listen to audio of speech
Learn more about CME ClearPort

* The 4d order currently applies to products and currencies available at launch; additional currency pairs, options and NDFs are pending CFTC approval.