• UPDATED CME Account Manager Introducing Automated OTC Account Setup - June 15, 2015

      • To
      • Clearing Member Firms Onboarding Teams, CME Account Manager Users
      • From
      • CME Clearing
      • #
      • 15-168
      • Notice Date
      • 26 June 2015
      • Effective Date
      • 15 June 2015
    • Update - Introducing Automated OTC Account Setup

      Denotes update to the article

      On Monday, June 15, 2015, CME Clearing began a phased approach to automating the account set-up process. Benefits include:

      • Decreased turnaround times for setting up new OTC accounts.
      • Eventual removal of the Consolidated Account Sheet.
      • Increased Clearing Firm control of the account set-up process.

      Please note: This change does not affect Portfolio Margining, CME Clearing Europe, or New Release account set-ups. These processes will continue to require a Consolidated Account Setup Sheet.

      CME Clearing will implement this upgrade in three phases.

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