CME Clearing (“CME”) is announcing the multi-year rollout schedule of its SPAN 2 framework for calculating performance bond requirements for CME-cleared futures and options on futures. The planned dates are subject to change and pending all relevant CFTC regulatory review periods. This advisory provides an overview of CME’s SPAN 2 framework, its planned multi-year rollout schedule, an overview of its margin calculation and reporting services, and references to help understand the framework.
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