• CME Globex Credit Controls (GC2) – Exposure Calculation for Trade at Settlement (TAS) Products

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers; Margin Managers
      • From
      • CME Clearing
      • #
      • 10-375
      • Notice Date
      • 30 August 2010
      • Effective Date
      • 29 August 2010

    • The CME Globex Credit Controls (GC2) system uses the margin rate on each product to calculate limit usage. 
      As of August 29, 2010, margin rates used to calculate limit usage for all Trade at Settlement (TAS) products
      will be set at the rates for their underlying products.  For example, the margin rate used in the calculation for
      CLT – Light, Sweet Crude Oil Trade at Settlement will be the rate for       CL – Light, Sweet Crude Oil.  

      If you have any questions regarding this change, please contact the Risk Management Department at 312.648.3888.

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

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