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
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