Get the free CME Clearing Membership Agreement

This document serves as a contractual agreement outlining the terms and conditions between CME Clearing Europe Limited and the Clearing Member, detailing their respective obligations, rights, and

How to fill out cme clearing membership agreement

How to fill out CME Clearing Membership Agreement

1. Gather necessary documentation, including company formation documents and financial statements.
2. Complete the application form with accurate information about your organization.
3. Provide details of key personnel, including management and compliance officers.
4. Submit proof of capital adequacy and liquid assets.
5. Review and sign the CME Clearing Membership Agreement.
6. Submit the completed application to CME Clearing along with all required documentation.
7. Await approval from CME Clearing; be prepared for additional verification if requested.
8. Once approved, attend any required orientation or training sessions.

Who needs CME Clearing Membership Agreement?

1. Financial institutions such as banks and broker-dealers.
2. Hedge funds and proprietary trading firms.
3. Corporations that require risk management through derivatives.
4. Any entity that wishes to clear trades and manage counterparty risk in commodities and financial markets.

People Also Ask about

What is a CME member?

Individual membership at CME enables the member to trade CME products at discounted rates, in the division of membership held.

What is the difference between futures commission merchant and clearing member?

In the US, clearing members are known as futures commission merchants (FCMs). The clearing member assumes financial responsibility for the trades, and posts initial and variation margin to the CCP – in the case of client trades, the member collects the margin from the customer.

What is a Cme clearing member?

Clearing members are highly capitalized, closely monitored, and carefully selected companies that stand behind all trades made through CME Group Exchanges.

What is CME clearing?

CME Group provides clearing services for customers around the globe through our clearinghouse, CME Clearing, which enables market participants to significantly mitigate and manage their risk exposures. A clearing house, like CME Clearing, is an intermediary between buyers and sellers in the derivatives market.

Who clears CME trade?

Clearing Firms Clearing FirmCMECOMEX Deutsche Bank Securities Inc. 092 092 Direct Access USA LLC 226 226 Dorman Trading, L.L.C. 152 152 DRW Execution Services, LLC 927 66 more rows

What is a CME membership?

CME corporate membership allows member firms to receive preferential fees on their proprietary trading of eligible CME products when such proprietary trading activity is conducted in accordance with CME Group Fee Policies.

What does a clearing member do?

Clearing Member means a member of the Clearing Corporation who clears and settles deals through the Clearing Corporation. The Clearing Member clears and settles deals for a segment in a manner and mode and subject to such terms and conditions and procedures prescribed for them.

For pdfFiller’s FAQs

What is CME Clearing Membership Agreement?

The CME Clearing Membership Agreement is a legal document that outlines the terms and conditions under which a member of the CME Group can participate in the clearing services offered by CME Clearing. It establishes the rights, responsibilities, and obligations of the parties involved in trades cleared through CME.

Who is required to file CME Clearing Membership Agreement?

Entities that wish to become members of CME Clearing and participate in the clearing of trades must file the CME Clearing Membership Agreement. This typically includes brokerage firms, financial institutions, and other qualified entities involved in trading derivatives.

How to fill out CME Clearing Membership Agreement?

To fill out the CME Clearing Membership Agreement, a prospective member must complete the necessary sections of the agreement, which typically include information about the entity, representatives, and operational capabilities. It may require additional documentation to be submitted for compliance and verification purposes.

What is the purpose of CME Clearing Membership Agreement?

The purpose of the CME Clearing Membership Agreement is to formalize the relationship between the member and CME Clearing, ensuring that both parties understand their rights and obligations in the clearing process. It also serves to manage risk and compliance within the clearing system.

What information must be reported on CME Clearing Membership Agreement?

The information that must be reported on the CME Clearing Membership Agreement typically includes details about the member's organizational structure, compliance information, and operational capabilities, as well as relevant financial information needed to assess creditworthiness and risk.