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CME ClearPort is a set of flexible clearing services open to OTC market participants. These services help customers substantially mitigate counterparty credit risk and provide capital efficiencies across a wide range of asset classes.
Enhanced Security of Central Counterparty Clearing in an OTC Marketplace
Trade off-exchange through your preferred execution venue, negotiate your own prices, and then come to CME ClearPort to access significant risk management and financial benefits:
- Substantial mitigation of counterparty risk, with CME Clearing�s risk management
- More efficient capital allocation, with multilateral netting and cross-margining
- The protection of segregated customer funds and approximately $7B in financial safeguards
- Neutral, independent valuations for accurate settlement prices
- Operational efficiencies from straight-through processing, real-time trade confirmations, and a standard messaging protocol
- Instant access to a diverse mix of clearing services across asset classes
CME ClearPort is backed by CME Clearing, which has more than a century of experience of operational excellence without a default. CME Clearing manages billions of dollars daily in the process of balancing accounts and maintaining performance bonds/margins.
How to Get Started on CME ClearPort Clearing
To begin submitting trades through CME ClearPort:
- Establish an account with a CME Clearing member.
- Go to cmegroup.com/clearport and complete the online Exchange User License Agreement (EULA), whether you are a broker or a trader.
- After receiving your user name and password, request that your clearing account be added to RAV Manager and be permissioned for the OTC markets you wish to clear, along with any OTC brokers who may enter trades for clearing on your behalf.
Hours
CME ClearPort clearing is available from 6:00 p.m. Sunday through 5:15 p.m. Friday, Eastern time, with a 45-minute break between 5:15 p.m. and 6:00 p.m. on Mondays through Thursdays. |
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