• Reporting Requirements for Good Friday - April 3, 2015

      • To
      • Chief Executive Officers, Chief Financial Officers, Chief Compliance Officers and SPAN/Margin Contact
      • From
      • Financial and Regulatory Surveillance Department, Clearing House Division
      • #
      • FRB 15-03
      • Notice Date
      • 25 March 2015
      • Effective Date
      • 25 March 2015
    • CME Group Inc. is conducting an abbreviated trading session on Good Friday until 10:00 a.m. (CDT) for Foreign Exchange and Interest Rate products. As a result, April 3, 2015 should be treated as any other business day with respect to regulatory responsibilities - issuing margin calls, preparing segregation, secured amount and cleared swaps customer statements, meeting residual interest requirements, distributing customer statements, filing of regulatory notices (e.g., under-segregated, under-secured, under-cleared swaps customer, under-capitalized), etc.

      April 2nd and April 3rd segregation, secured amount and cleared swaps customer statements should be submitted by noon on April 6, 2015. However, April 3, 2015 will not be treated as a business day for purposes of determining the due date for March 31, 2015 financial statements. Thus, a March 31, 2015 Form 1-FR or FOCUS Report must be submitted by April 24, 2015 to the Financial and Regulatory Surveillance Department.

      As U.S. banks and certain markets will be open on Friday, April 3rd, firms should monitor market events from a risk management perspective.

      If you have any questions, please call the Financial and Regulatory Surveillance Department at (312) 930-3230.