• CME to Allow Excess LSOC Collateral Value to Cover Variation Margin Losses

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 13-440
      • Notice Date
      • 24 September 2013
      • Effective Date
      • 21 October 2013
    • On Monday, October 21, 2013, CME Clearing will introduce an important enhancement to its LSOC offering for clearing firms which have elected to operate in the "with-excess" mode. In particular, firms will be able to use a client’s excess LSOC value to cover a client’s variation loss, to the extent that the needed cash is on deposit in the currency in which the variation loss is denominated. 
       
       
       
       
       
      13-440

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