• Change in Interest Rate Paid on Customer Segregated and Customer Cleared Swaps Performance Bond USD Cash Balances

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 17-083
      • Notice Date
      • 01 March 2017
      • Effective Date
      • 01 March 2017
    • CME Inc. received approval to open customer U.S. dollar (“USD”) accounts at the Federal Reserve Bank of Chicago, which allows CME Inc. to hold customer USD cash performance bond (initial margin) deposits in a Federal Reserve Bank account.

      Effective on March 20, 2017, CME Clearing will increase the interest rate paid on USD cash performance bond deposits for customer segregated and customer cleared swaps from the current rate of 37 basis points to 60 basis points per annum. 

      For the full text of this advisory click here.