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

Update - Introducing Automated OTC Account Setup

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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.