REMINDER: Customer Gross Margining Goes Live on Monday, January 14, 2013

Please be reminded that, pursuant to CFTC regulations and in conjunction with the industry, CME Clearing will implement Customer Gross Margining at the end-of-day settlement cycle on Monday, January 14, 2013.

We have been running in full production parallel for some months now.  Clearing firms must continue daily submission of CGM position datafiles every evening.  The submission deadline is 7:30 pm Chicago time.

Please note effective Monday, January 14^th we will no longer produce the CGM Margins Compare report named:

 CME.CGM.Margins.Compare.EOD.yyyymmdd.CMFnnn.csv

We will continue to provide the following datafiles every night to firms in their Outgoing directory on the Firm FTP server:

CME.CGM.Margins.Summary.EOD.yyyymmdd.CMFnnn.csv

Shows the CGM margin requirements, customer account by customer account, by currency and in USD-equivalent.

CME.CGM.PosRecon.EOD.yyyymmdd.CMFnnn.csv

Show submitted versus reconciled CGM positions, and the Excess Margin Positions.

 Please contact CME Clearing’s Operations Hotline at 312-207-2525 for any file submission questions. 

Please contact CME Clearing’s Risk Hotline at 312-648-3888 for any margin questions.

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