User Roles and Entitlements

User Help System

User Roles and Entitlements

CME ClearPort offers a dynamic data model that allows participants several different ways to enter executed OTC deals for our clearing services. The exchange is responsible for setting up firms and permissioning firm and user agent roles. Clearing Members (CM) create accounts and assign Broker and Asset Manager relationships. A single firm can operate more than one business model.

The following Firm Type / Roles are for entitlement assignment. Technical restrictions may not correspond to a firm's actual market participant role and / or legal registration.

Firm Type	Description
Clearing Member	Clearing Members set up Trading Accounts for Trading Firms and manage the account risk. Clearing Member firms with On-Behalf-Of (OBO) entitlement, can submit trades on behalf of active or passive clearing firms. See User Roles.
Trading Firm	A Firm that is the beneficial owner of any one or more Trading Accounts held with a Clearing Member. A Trading Firm can have a relationship with one or more Clearing Members. While other Firm types (Broker Firms, Asset Manager Firms) can have permission within CME ClearPort to act in the Trading Firm's Trading Account(s), only a Trading Firm can be the owner of a Trading Account.
Single Side Trading Firm	All registered Brokers and Asset Managers are automatically eligible for Single Side Trade Entry with no additional registration required. Trading Firms must “opt in” to directly transact on Single Sided deals by registering as an Active Trading Firm. Note: Participants should be aware that the list of Brokers, Active Trading Firms and Asset Managers for a specific product is shown in a dropdown to other participants in that market when a trade is being entered. Trading Firms that continue to transact through a broker using Single Side Trade Entry do not need to register as an Active Trading Firm. Trading firms can have multiple clearing firm relationships, with on-behalf-of (OBO) entitlement. OBO trading firms cannot submit trades To opt in or out, notify CME Enterprise Application & System Entitlements (EASE).
Broker Firm	Broker Firms can enter Deals under the two-sided Broker model and the Single Sided model. A Broker Firm can be selected as a Broker with respect to a Trading Account by the Clearing Member. A trading or clearing firm can register as a broker if seeking to book dual-sided deal, even if not acting as a transaction intermediary.
Asset Manager Firm	Only Asset Manager Firms can be selected (by a Clearing Member) as an Asset Manager with respect to particular Trading Accounts as to which the Clearing Member confirms the Asset Manager Firm has authority to act. Asset Manager Firms can enter Single Sided Deals for those Trading Accounts.

User roles are assigned by the exchange when the firm is established. The user role determines the user privileges to CME ClearPort. The following user roles can be assigned:

Role	Description	Trade Entry	Trade Visibility
Trader	A user representative of a Trading Firm, who can be associated as the Lead Trader for specific Deals in CME ClearPort.	None. In CME ClearPort, Trader users do not have Trade Entry privileges. For traditional Two-sided Deals, a Broker must enter the Deal on behalf of the Trading Firm. For Single Sided Deals, either a Broker or an Asset Manager must enter deals for on behalf of the Trading Firm. For traditional Two-sided Deals, when the Broker enters then Deal, after selecting a Trading Firm as the Buyer or the Seller, the Broker then must select a Lead Trader for that Deal (via the Name dropdown) from among the list of the selected Trading Firm's Traders. (For Single Sided Deals, selection of a Lead Trader is permitted but not mandatory.)	Traders can view only those Deals for which they have been selected as the Lead Trader.
Single-side Trader	A user representative of a Single-side Trading Firm, who can enter Alleged Deals	Single-side Trader users have Trade Entry privileges for Single Sided Deal entry of Alleged Deals. When a counterparty selects the Single-side Trading Firm on the Opposite Side of an Alleged Deal, the firm's Single Side Traders are visible and eligible for selection as the Lead Opposite Trader. When a counterparty enters an Alleged Deal, it selects as the counterparty on the Opposite Side of the Alleged Deal a Firm which is either: (i) a Single Side Trading Firm (ii) an Asset Manager Firm (iii) a Broker Firm. The counterparty also may select a Lead Opposite Trader for that Alleged Deal (via the Name dropdown) from among the list of the selected Opposite Side Single Side Trading Firm's Single Side Traders.	A Single-side Trader can view only (1) Deals (including Alleged Deals) that s/he has entered, and (2) Alleged Deals (and, following iming, Deals) for which s/he has been selected as the Lead Opposite Trader.
Broker	A user representative of either: A Broker Firm that mediates transactions between a Buyer and Seller on a Deal. A trading firm seeking to book a dual-side trade trade, even if not acting as a transaction intermediary. A FCM entering trades on behalf of one or both transaction participants, even if not acting as an intermediary.	The Broker enters the Deal in the CME ClearPort Trade Entry screen for each Trading Firm it represents. The trader enters the trade, assigning themselves as one side of the transaction and selects the counterparty, for the other. The FCM enters the trade on behalf of one or both transaction participants.	The Broker can only view the Deals that they enter.
Asset Manager	A user representative of an Asset Manager Firm that mediates transactions between a Buyer and Seller on a Deal.	An Asset Manager can enter an Alleged Deal, either to be Claimed by the counterparty or Matched to a corresponding Alleged Deal entered by the counterparty. The Asset Manager enters transactions in the CME ClearPort Single Side trade entry screen or can Claim Alleged Deals for each Trading Firm they represent. They can Claim Alleged Deals from the blotter ticket when they have been selected as the Lead Opposite representative.	None.
Trade Administrator	An administrative user representative of the Trading Firm.	None. In CME ClearPort, Trader Administrators do not have Trade Entry privileges. However, the same user can be permissioned as both a Trade Administrator and a Trader. The Trade Administrator is not listed in the Name dropdown and therefore also cannot be selected as a Lead Trader by a counterparty.	A Trade Administrator can view all transactions entered for a Trading Firm.
Single-Side Trader Administrator	An administrative user representative of a Single Side Trading Firm.	A Single Side Trader Administrator has all Trade Entry privileges of a Single Side Trader. In addition, when an Alleged Deal has been entered without any Lead Opposite Trader selected, the Single Side Administrator is the only user that can Claim the Alleged Deal for the Opposite Side Single Side Trading Firm.	A Single Side Trader can view (1) all Deals (including Alleged Deals) entered by the Single Side Trading Firm, and (2) all Alleged Deals (and, following Claiming, Deals) Alleging the Single Side Trading Firm on the Opposite Side.
Broker Administrator	An administrative user representative of a Broker Firm.	None.	A Broker Administrator can view all transactions entered for by Brokers in the Broker Firm.
Asset Manager Administrator	An administrative user representative of the Asset Manager Firm.	An Asset Manager Administrator has all Trade Entry privileges of an Asset Manager for the Trading Firms on behalf of which the Asset Manager Firm has been permissioned to act. In addition, when an Alleged Deal has been entered without any Lead Opposite Trader selected, the Asset Manager Administrator is the only user that can Claim the Alleged Deal for the Opposite Side Trading Firm.	An Asset Manager Administrator can view all transactions entered for by Asset Managers in the Asset Manager Firm.
Verification Officer	For any type of firm, the administrative user representative that is given CME ClearPort Administrator privileges for all product lines. This user is given a combination of the following roles: Trader Administrator, Broker Administrator, Asset Manager Administrator or Single Side Administrator. The Verification Officer has visibility to user lists and authority to add and remove firm users (via e-mail to EASE).	None.	The Verification Officer can view all firm Deals for all users.
Clearing Firm Administrator	An administrative user representative of a Clearing Firm.	None.	A Clearing Firm representative that is permissioned to view all Deals for all Trading Firm Trading Accounts that the Clearing Member holds.
Clearing Firm Clerk	Clearing Firm Clerks can submit, allege and/or claim single-sided trades, and can submit and dual-sided trades on behalf of trading firms. Can select the counterparty on the opposite side of the alleged deal and required information may vary based on type of counterparty selected.	Can perform the following activities on behalf of trading firms: Active Trading Firms: Submit, Allege, Claim, View trades. Passive Trading Firms: View trades with Submit or Claim status, which is entered by the Broker, Asset Manager or Clearing Firm on their behalf.	A Clearing Firm Clerk can view: Trades they have entered, alleged or claimed.
Clerk	A Clerk can enter and submit trades / deals on behalf of brokers, asset managers or active traders at their firm. Upon request from a designated firm officer or administrator, this role is assigned by CME Group. Also called Submitter.	On the Confirm and Submit, Trade Ticket, Blotter screens, a Clerk can enter, submit, copy single or dual sided deals on behalf of brokers, asset managers or active traders at their firm. The clerk cannot be selected as Designated for single / dual side trades or deals. Can void / cancel their non-matched single side deals. Can void / cancel their unmatched dual sided deals when they are the submitting clerk on both sides.	For entered trades, a Clerk can view the designated broker, asset manager or active traders. Can view the Trade Summary report for their submitted trades or trades (submitted by others) in which they were a participant. Clerk is indicated by their first initial and last name.