• Update: Deployable Margin Software Production Release - Equities in SPAN 2™ Margin Framework - Effective June 25, 2024

      • To
      • Clearing Member Firms; Back Office Managers; Bookkeeping Software Providers; ISVs
      • From
      • CME Clearing
      • #
      • 24-180
      • Notice Date
      • 25 June 2024
      • Effective Date
      • 25 June 2024
    • CME Clearing (“CME”) has announced the multi-year rollout schedule of its SPAN 2 framework for calculating performance bond requirements for CME-cleared futures and options on futures. According to the planned Equities in SPAN 2 framework release schedule, CME has delivered an updated version of the production-candidate build of the deployable margin software, version 3.1.10, which supports Equities in the SPAN 2 framework. This version supersedes the prior production candidate release, version 3.1.9, and is now the expected production version of the program. Users are encouraged to deploy this version in their production environment on or before the mandatory production cutover date for Equities contracts. Starting on the mandatory cutover date, prior versions of the deployable margin software will no longer be supported.

      For the full text of this advisory, please click here.