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BNY Mellon adjusts CME collateral posting rules

12 April 2012


The decision comes as demand for non-traditional collateral grows at clearinghouses in the wake of regulatory reforms

Read more: BNY Mellon CME Clearing

BNY Mellon will begin allowing futures commission merchants (FCMs) to post a wide range of collateral, including corporate bonds, for futures and cleared swaps margins at CME Clearing.

FCMs can post the collateral via the CME IEF4 program using MarginEdge(SM), BNY Mellon's global derivatives margin management service.

CME Clearing now accepts corporate bonds along with cash,...