CME Group Receives 90-Day Extension for Margin Changes

May 3, 2012 02:00 PM
 

CME Group today requested and received a 90-day extension for implementing margin changes announced yesterday in order to comply with CFTC Regulation 39.13(g)(8)(ii), as it applies to customers that are exchange members (member-customers) and omnibus accounts.

"During the extension period, CME Clearing will work with the CFTC to address member-customer concerns," it said in its announcement. "Additionally, CME Group will keep member-customers informed during this period and provide adequate notice of any changes to margin requirements."

With the extension, CME Clearing now will be required to enforce this rule as it applies to member-customers and omnibus accounts on August 5, 2012.

 


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