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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
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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,...
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