Acceptable Collateral for Cash
View Collateral SummaryCME Clearing accepts cash, including USD and foreign currency as collateral. See below for more information.
- Acceptable for Base, IRS, Guaranty Fund, and CME's cross-margin program
A haircut is applied to cash when cash is utilized to meet a requirement based in a different currency. Please see the Cross-Currency Haircut Percentages file for applicable cross-currency haircuts applied to all assets.
The haircut is determined by the asset currency, except for USD assets where the haircut is determined by the requirement currency:
5% |
7.5% |
10% |
15% |
|---|---|---|---|
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- Acceptable for Base and IRS
- $250 million USDE limit across the clearing member and affiliates on all foreign currency meeting a requirement in a different currency. Upon request, CMFs may deposit additional CAD, EUR, GBP, and JPY cash up to a $500 million USDE FX cash mismatch limit. Please contact ClearingHouseFinancial@cmegroup.com for more information.
- Offshore Chinese Renminbi is capped at $200 million USDE across the clearing member and affiliates
A haircut is applied to cash when cash is utilized to meet a requirement based in a different currency. Please see the Cross-Currency Haircut Percentages file for applicable cross-currency haircuts applied to all assets.
The haircut is determined by the asset currency, except for USD assets where the haircut is determined by the requirement currency:
| 5% | 7.5% | 10% | 15% |
|---|---|---|---|
|
|
|
|
Firms with assets exceeding specified limits may incur a true up margin requirement in an amount no less than the USDE amount over the specified limit. Firms will be notified by CME Clearing of the true up requirement amount.
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