Acceptable Collateral for Corporate Bonds
View Collateral SummaryCME Clearing accepts select Corporate Bonds directly or through a tri-party custodian (formerly IEF4).
- Acceptable for Base and IRS
- Capped at $2 billion USDE across the clearing member and affiliates
- Accepted either directly or through a tri-party custodian: Bank of New York, Brown Brothers Harriman & Co. and JP Morgan Chase
- Concentration limit of $50 million or 2.5% of amount outstanding per issuance, whichever is less
- Concentration limit of $200 million per family
- Concentration limit of $500 million per sector
| Asset Class | 0 to ≤5 years | >5 to ≤10 years | >10 years |
|---|---|---|---|
| Corporate Bond | 20%
|
25%
|
30% |
| -- |
| -- |
CME DataMine:
- CME DataMine hosts the acceptable list of Corporate Bonds. Click here to access >
- Instructions to access the eligible collateral lists via CME DataMine can be found in the Access Guide.
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.
All assets that are utilized to meet PB requirements in different currencies will be subject to an additional cross-currency haircut. For applicable haircuts, please see the Cross-Currency Haircut Percentages file found under Forms and Instructions.
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