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

Acceptable Collateral for Gold

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CME Clearing accepts COMEX gold warrants & London Gold bullion as collateral for House requirements only. See below for more information.

Notes

  • Acceptable for Base and IRS
  • Capped at $750 million USDE across the clearing member and affiliates
  • Limit inclusive of COMEX gold warrants & London gold bullion
  • Limited to a clearing member's non-segregated (NSEG) requirement

Pursuant to CME Rule 817, COMEX gold warrants may become subject to a lien in favor of the Exchange’s liquidity lenders. Consistent with this rule, and in order for a clearing member to be eligible to participate in the COMEX gold warrants collateral program, a UCC-1 financing statement is filed against the clearing member’s collateral on deposit. Please contact creditrisk@cmegroup.com for questions or more information.   

Haircut Schedule

  • 15% haircut applied to the market value

Collateral Custodians

  • List of collateral custodians can be found here

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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