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RBA Glossary definition for CME

CME – Chicago Mercantile Exchange Inc.

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Glossary

2 May 2023
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Appendix A: Activity in CME | Assessment of Chicago Mercantile Exchange Inc.

9 Mar 2023
CME expanded its clearing service to include Australian dollar-denominated OIS in 2016. ... Graph 4. Graph 5. CME does not currently have any direct Australian clearing participants.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2019/appendix-a.html

Appendix B: CME Regulatory Environment and Risk Management | Assessment of Chicago Mercantile Exchange Inc.

9 Mar 2023
The Dubai Financial Services Authority (DFSA) has authorised CME as a Recognised Body. ... movements. CME made no ad hoc intraday margin calls over the assessment period.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2019/appendix-b.html

4. Financial Market Infrastructures

21 Oct 2021 PSB Annual Report – 2021
CME's CCP services have not been classified as systemically important and are therefore subject to less-intensive supervision. ... The Bank's next assessment of CME is planned to take place during 2022/23.
https://www.rba.gov.au/publications/annual-reports/psb/2021/financial-market-infrastructures.html

Financial Market Infrastructures

28 Sep 2022 PSB Annual Report – September 2022
Assessment of CME. CME is a Chicago-based CCP that is licensed to provide a number of services from its US operations. ... CME must share its assessments of these arrangements with the Bank for review.
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html

Standard 9: Money Settlements | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central…

9 Mar 2023
All settlement banks must be approved by CME and sign a ‘settlement bank agreement’. ... CME maintains contractual agreements with its settlement banks; these are governed under US law.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-9.html

Standard 2: Governance | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central Counterparties

9 Mar 2023
The CHRC is overseen by the CME Board (see CCP Standard 2.2). ... CME Group sets maximum guidelines for annual incentives and long-term incentive awards.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-2.html

Japanese Retail Investors and the Carry Trade

10 Mar 2009 Bulletin – March 2009
Andrew Zurawski and Patrick D'Arcy
their CME speculative counterparts have earned significant profits on their foreign currency investments. ... However, under more volatile conditions, they reinforce the momentum trading of the CME speculative traders.
https://www.rba.gov.au/publications/bulletin/2009/mar/1.html

5. Assessment of Clearing and Settlement Facilities against the Financial Stability Standards | 2011/12 Assessment of Clearing and…

9 Mar 2023
2011/12 compliance report for clearing and settlement facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2011-2012/assest-cs-fin-stability.html

Standard 4: Credit Risk | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central…

9 Mar 2023
financial or operational condition of a clearing participant jeopardises CME or financial markets. ... if an affiliate of a direct clearing participant is also a direct clearing participant of CME), CME calculates the aggregate of the shortfall across
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-4.html