Clearing House Advisory Notices
To | Clearing Member Firms, Chief Financial Officers, Treasury Managers and Back Office Personnel
From | Clearing House Department
Subject | Sovereign Debt Procedures and Limits
Notice Date | 2005-03-22
Notice Number | 05-51
Effective Date |
The Clearing House recognizes the importance of accepting sovereign foreign debt as Performance Bond, and has made several improvements to this program since it was first launched in 2004. CME has established a sovereign debt custody relationship with Citibank, N.A. This relationship consists of global custody accounts housed both on the local market platforms as well as the Euroclear platform. Please see the following details of CME’s program. For the full text of this advisory . . .