• 2nd Quarter 2013 Eligible Stocks (Date from January 1st thru March 30th, 2013

      • To
      • Clearing Member Firms; Back Office Managers; Chief Financial Officers
      • From
      • CME Clearing
      • #
      • 13-181
      • Notice Date
      • 17 April 2013
      • Effective Date
      • 17 April 2013
    • CME Clearing’s performance bond requirements consist of two amounts: core performance bond requirements and concentration performance bond requirements. Concentration performance bond requirements are set from time to time and are equal to the portion of the total performance bond requirement that may be met using concentration collateral. 
      Collateral accepted by CME Clearing will be categorized as noted below. Clearing member firms may meet a maximum of 40% core performance bond requirements with Category 2 assets, and a maximum of 40% core performance bond requirements with Category 3 assets. Also, Category 3 assets have a hard dollar limit of $3 billion per clearing member firm across settlement accounts. Category 1 assets have no requirement type limits. Please refer to the website link below for details on individual asset type limits and product class restrictions.
      Clearing member firms that do not use assets listed in Category 3 should contact the Financial Unit for utilization of assets listed in Category 2. These assets shall be limited to 40% for U.S. Government Agencies and Mortgage Backed Securities, and 40% for IEF5 and Letters of Credit.

      For the full text of this advisory...