CME Clearing uses multiple daily timelines for our different processes and products. On this page we have compiled those timelines for your benefit. For a broader view of our hours of operation:
CME Clearing adheres to a designated timeline for daily performance bond collateral transaction and settlement cycle processing. The time frames apply to all specialized programs supported by CME Group, unless noted otherwise.
| Time | Event |
|---|---|
8:30 a.m. CT |
Clearing Member deadline to enter deposit and/or withdrawal requests in C21 Asset Management for foreign currency cash and securities for same day value (CAD, EUR, GBP, and MXN). |
10:30 a.m. CT |
Clearing Member deadline to enter deposit and/or withdrawal requests in C21 Asset Management for foreign currency cash and securities for next day value. |
11:00 a.m. CT |
Clearing Member deadline to enter all collateral deposit and/or withdrawal requests in C21 Asset Management prior to Intraday processing. Entries made after this time may not be processed until Intraday completes. |
1:00 p.m. CT |
Clearing Member deadline to enter deposit and/or withdrawal requests in C21 Asset Management for COMEX Gold Warrants for margin credit. |
2:00 p.m. CT |
Clearing Member deadline to enter all non-cash collateral deposit and/or withdrawal requests into C21 Asset Management. |
2:30 p.m. CT |
Clearing Member deadline to enter USD Cash deposit and/or withdrawal requests in C21 Asset Management.
Clearing Member deadline to enter withdrawal requests of Stocks, ETFs and Corporate Bonds into DTC system. |
3:00 p.m. CT |
Deadline for same day processing of Letter of Credit amendments and issuances.
|
3:30 p.m. CT |
Clearing firm deadline to enter deposits requests of Stocks, ETFs and Corporate Bonds into DTC system. |
| New York | Local | Event |
|---|---|---|
| 6:00 p.m. | Sunday evening market open | |
| 4:00 p.m. Tokyo | Capture quotes for JPY (LIBOR & OIS) | |
| 4:30 p.m. Sydney | Capture quotes for AUD (BBR-BBSW & OIS) | |
| 4:30 p.m. Wellington | Capture quotes for the NZD (BBR) | |
| 8:30 a.m. | Settlement banks confirm USD VM and Initial Margin call (portfolio) from previous day’s clearing cycle – USD, EUR, GBP and CAD cash moves at the settlement bank shortly thereafter (JPY, CHF and AUD are confirmed at this time, but cash moves on T+2). | |
| 3:00 p.m. | Capture quotes for USD (LIBOR & OIS) and CAD (CDOR & OIS). | |
| 4:30 p.m. Hong Kong & Singapore |
Capture quotes for the following currencies:
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| 4:00 p.m. SAST | Capture quotes for the following currencies:
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| 4:00 p.m. CET | Capture quotes for the following currencies:
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| 4:00p.m. London | Capture quotes for the following currencies:
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| 7:00 p.m. | Same day trade submission/acceptance deadline for all currencies. Generate combined end-of-day Clearing reports for all currencies including Trade Register. | |
| 8:00 p.m. | Calculate Initial Margin for entire portfolio. | |
| 10:00 p.m. | Settlement instructions for all currencies are sent to settlement banks. | |
| 7:00 p.m. | Friday night Clearing closed until the following Sunday |
Event |
Eastern Time |
Central Time |
|---|---|---|
NYMEX Coal (API 2 and API 4) contracts |
1.00 p.m. |
12.00 p.m. |
NYMEX Brent Crude Oil Futures-Style Margin Option (BZO) contracts |
3.30 p.m. |
2.30 p.m. |
NYMEX/COMEX Cut off Exercise/Abandon Entry |
4:30 p.m. |
3:30 p.m. |
Announce NYMEX/COMEX Contrary Instructions |
~4:30 p.m. |
~3:30 p.m. |
Run NYMEX/COMEX E/A Process (Produce reports) |
~5:15 p.m. |
~4.15 p.m. |
NYMEX/COMEX Metal Delivery Intentions |
6:00 p.m. |
5:00 p.m. |
CBT FLEX Cut off Exercise/Abandon Entry |
6:30 p.m. |
5:30 p.m. |
Announce CBT FLEX Contrary Instructions |
~6:30 p.m. |
~5:30 p.m. |
CBT Cut off Exercise/Abandon Entry |
6:30 p.m. |
5:30 p.m. |
Announce CBT Contrary Instructions |
~6:30 p.m. |
~5:30 p.m. |
CME Cut off Exercise/Abandon Entry |
6:30 p.m. |
5:30 p.m. |
Announce CME Contrary Instructions |
~6:30 p.m. |
~5:30 p.m. |
NYMEX/COMEX/DME FEC cut-off (ALL) |
6:45 p.m. |
5:45 p.m. |
NYMEX/COMEX/DME PCS Deadline |
7:00 p.m. |
6:00 p.m. |
CME/CBT FEC cut-off (Electronic) |
7:00 p.m. |
6:00 p.m. |
Run CME, CBT E/A Process (Produce reports) |
7:15 p.m. |
6:15 p.m. |
Run CBT FLEX E/A Process (Produce reports) |
~7:15 p.m. |
~6:15 p.m. |
CME/CBT FEC cut-off (Non-Electronic and Give-ups) |
8:00 p.m. |
7:00 p.m. |
CME/CBT PCS Deadline |
8:30 p.m. |
7:30 p.m. |
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