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

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:

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 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

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%
  • 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

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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