CME, FICC in talks to expand cross-margining to client accounts
New rules and account structures will be needed to allow cross-margining by non-members
CME Group and the Depository Trust & Clearing Corporation are in talks to expand their cross-margining agreement to client accounts, Risk.net has learned.
Since 2004, CME and the Fixed Income Clearing Corporation, a subsidiary of the DTCC, have allowed direct members of both clearing houses to offset residual exposures between their cash Treasury and futures positions. That agreement, which currently benefits around 30 large firms, was expanded in January to include a host of newer CME products
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