Collateral Types Accepted for Futures, Options, Forwards, OTC FX & Commodity Swaps

Acceptable Collateral for Cash

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CME Clearing accepts cash, including USD and foreign currency as collateral. See below for more information.

USD Cash
Foreign Currency

USD Cash

Notes

Acceptable for Base, IRS, Guaranty Fund, and CME's cross-margin program

Haircut Schedule

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:

7.5%

10%

15%

Australian dollar
British Pound
Canadian dollar
Danish krone
Euro
Hong Kong dollar
Japanese yen
New Zealand dollar
Singapore dollar
Swedish krona
Swiss franc

Norwegian krone

Offshore Chinese Renminbi

Czech koruna
Hungarian forint
Mexican peso
Polish zloty

South African rand

Additional Cash Resources

Foreign Currency

Notes

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
Offshore Chinese Renminbi is capped at $200 million USDE across the clearing member and affiliates

Haircut Schedule

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%
Australian dollar British Pound Canadian dollar Danish krone Euro Hong Kong dollar Japanese yen New Zealand dollar Singapore dollar Swedish krona Swiss franc	Norwegian krone Offshore Chinese Renminbi	Czech koruna Hungarian forint Mexican peso Polish zloty	South African rand

Additional Foreign Currency Resources

Rates on Cash

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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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.