CME CDS-CME CDS Limits Loader & Limits Update Procedures

As outlined in the attached CME ClearPort advisory notice (see CDSinRAVManager 20120927.pdf), CME Group will be enhancing CME Account Manager (RAV Manager) to allow Clearing Member Firms to establish credit limits for accounts permissioned to trade credit default swap (CDS) products. The purpose of this advisory is to communicate additional information regarding how this impacts the account setup process in both New Release (UAT) and Production (live).

 

In Production, CME Clearing Members have the ability to view and edit RAV Limits within the Account Manager (RAV Manager) application. In the case that Clearing Members wish to update accounts in bulk (50 or more accounts), they may use the attached CME CDS Limits Loader spreadsheet (see CME CDS Limits Loader.xls). This CME CDS Limits Loader will allow Clearing Members to update existing accounts from Clearing Member Explicit Claim to CME Hosted (or vice-versa), add limit measures to new accounts and update existing limit measures.