CME-FICC Cross-Margin Program
Expanding capital efficiency opportunities across cash Treasuries cleared at DTCC-FICC with CME Group’s suite of Interest Rate futures
CME Group and The Fixed Income Clearing Corporation (FICC) have partnered to provide cross-margining across cash and derivatives fixed income markets. This partnership allows participants to achieve margin savings and capital efficiencies of up to 80% for eligible positions held with a common clearing member at each clearing house. This program is currently available to house accounts of common clearing members at CME Group and FICC, and will soon be expanded to customer accounts (pending regulatory approval) to help unlock capital efficiencies ahead of the forthcoming SEC clearing mandates.
Find out more about the savings that can be achieved through this partnership through our key resources, or reach out to speak with a member of our team at CMEFICCCrossMargin@cmegroup.com.
Resources
Key features and benefits
Expanded capital efficiencies
Access additional savings across cash markets through the CME-FICC program, complementing CME Group’s existing Portfolio Margin program with cleared swaps.
Savings up to 80%
Benefit from the CME-FICC program, which has generated margin reductions that exceed $1 billion per day for its users.
Customer access
Prepare for customer onboarding to the CME-FICC program in early 2026, pending regulatory approvals.
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