• Initial Payment Calculation Change for CDS Transfers in FEC+ Moved to December 5, 2016

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 16-483
      • Notice Date
      • 14 November 2016
      • Effective Date
      • 05 December 2016
    • Please be advised that CME will push the Production date for the Initial Payment Calculation Change for Credit Default Swaps (CDS) Transfers in FECPlus to Monday, December 5, 2016. In the meantime, the regular Initial Payment calculation will be automatically applied to CDS Transfer or users can specify their own Initial Payment value.

      Testing for this change will be available in New Release (NR) starting Wednesday 11/23.

      For the full text of this advisory, please click here