New June 26 Date for Submission of Additional Client Master Data

In March of 2014, CME Clearing published Clearing Advisory 14-127, which required that firms begin submitting certain additional client master data for risk management purposes in the normal course of business and to assist with default management.   For futures accounts, firms may submit this data either by including it in the Customer Gross Margining (CGM) position file or by submitting a separate Margin Accounts Master file.  For swaps accounts, firms may submit this data either by including it in the LSOC Collateral Value Report (CVR) files or by submitting the separate Margin Accounts Master file.

CME Clearing is now establishing a final date by which firms must begin submitting the additional client master data:  Friday, June 26, 2015.  The final date should give firms plenty of time to install updated code, etc.  Firms that are not yet submitting the additional data may begin doing so at any time.

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