Summary of Acceptable Collateral

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Performance Bond Collateral

Hard Dollar Limits

Asset Class Hard Dollar Limit
Cash None1
U.S. Treasuries None
Letters of Credit2 $500 million
U.S. Government Agencies $2 billion
Agency MBS $1.4 billion
U.S. TIPS $1 billion
U.S. Treasury STRIPS $1 billion
Gold3 $750 million
IEF2 – Money Market Funds $5 billion
Corporate Bonds $2 billion
Stocks $500 million
ETFs $500 million
Short-Term UST ETFs $500 million
Supranationals $250 million
Prefunded Treasury Facility (PTF) None4
Canadian Provincials $100 million
Foreign Sovereign Debt  
   Canada $1.4 billion
   France $1.4 billion
   Germany $1.4 billion
   Japan $1 billion
   United Kingdom $1.4 billion
   Australia $250 million
   Mexico $250 million
   Singapore $150 million
   Sweden $100 million

With respect to all foreign currencies, clearing members are subject to a $250 million USDE limit across the clearing member and affiliates for meeting requirements in a different currency. Offshore Chinese renminbi is capped at $200 million USDE across the clearing member and affiliates. 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. 

2 Letters of Credit are acceptable collateral for performance bond for Base products only and not permitted for House PB requirements, for financial-affiliated clearing members. Letters of Credit are capped at 25% of margin requirement.

3 London gold and COMEX gold warrants are acceptable collateral for performance bond for House positions only.

4 The PTF is acceptable to meet performance bond requirements in the House origin for futures and options products in the Base Guaranty Fund. The amount of PTF a clearing member can use to meet House performance bond requirements is limited to 75% of the clearing member's performance bond requirement on the day of acceptance of the PTF by CME as collateral on deposit.

Note: Canadian provincials, corporate bonds, ETFs, stocks, Short-Term UST ETFs, COMEX gold warrants, London gold bullion, supranational debt, and foreign sovereign debt except that issued by Canada, France, Germany, and the United Kingdom are capped at $5 billion USDE across the clearing member and affiliates. IEF2, Canadian provincials, corporate bonds, ETFs, stocks, Short-Term UST ETFs, COMEX gold warrants, London gold bullion, supranational debt, all foreign sovereign debt, U.S. government agency debt, agency MBS, and STRIPS are capped at $7 billion USDE across the clearing member and affiliates.