Increased capital efficiency opportunities across cash Treasuries and CME Group’s suite of Interest Rate futures

An additional opportunity to achieve capital efficiencies has arrived for clearing member firms. Slated to launch in January 2024, DTCC and CME Group have partnered to enhance and replace the legacy cross-margin program beyond its current suite to include SOFR futures, Ultra 10-Year Treasury Note futures, and Ultra U.S. Treasury Bond futures (view the press release), as well as introducing the idea of active management on the CME Group side.

These enhancements build on approximately two decades of work by DTCC and CME Group to make Treasury trading more capital efficient for participants. Learn more about the savings that can be achieved through this partnership via the overview document available below.

FAQ: Get answers to your questions

Quickly find answers to the most common questions about the enhanced CME-FICC partnership and details on how you may benefit.

All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.

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