Search: CME
RBA Glossary definition for CME
CME – Chicago Mercantile Exchange Inc.
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Regulatory Priorities | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central Counterparties
9 Mar 2023
14. General business risk. CME should implement an appropriate recovery and wind-down plan. ... The Bank expects to be notified by CME of any material increase in exposures.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/regulatory-priorities.html
Standard 18: Tiered Participation Arrangements | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards…
9 Mar 2023
In addition, customers holding large positions in futures contracts are identified to CME through large trader reports. ... CME does not have any specific rules or policies to encourage customers to become direct clearing participants.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-18.html
Introduction | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central Counterparties
9 Mar 2023
Therefore, at least initially, CME would be subject only to the foundational requirements of the CFR influence policy. ... The following provides details of how CME observes each of the CCP Standards (including sub-standards).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/introduction.html
Standard 10: Physical Deliveries | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central…
9 Mar 2023
CME's CS facility licence application does not include any physically settled contracts. ... Further, CME is not directly involved in the delivery process (see CCP Standard 10.2).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-10.html
Standard 11: Exchange-of-value Settlements | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for…
9 Mar 2023
CME ensures physically delivered assets are stored and delivered via approved commodity warehouses, stockyards and delivery agents. ... to deliver, which CME then passes to the matched participant due to receive delivery (see CCP Standard 10).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-11.html
Standard 8: Settlement Finality | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central…
9 Mar 2023
CME in the event of the external administration of an Australian clearing participant. ... CME is in the process of replacing fax confirmation with SWIFT messages for all settlement banks.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-8.html
Standard 15: Custody and Investment Risks | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for…
9 Mar 2023
the benefit of CME and do not constitute general assets of the custodian bank. ... CME does not invest in its own securities or the securities of its participants.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-15.html
ASX Clear | 2010/11 Assessment
9 Mar 2023
ASX expects the project to be implemented after CME SPAN is in use at ASX Clear, with the introduction of end-of-day margining by the end of 2012 and intraday ... As discussed under ‘Harmonisation and Linking of Central Counterparty Activity’ above,
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2010-2011/asx-clear.html
Standard 13: Segregation and Portability | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for…
9 Mar 2023
These participants also have the option to lodge excess customer collateral with CME. ... For more information on CME's cross-margining arrangements, see CCP Standard 6.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-13.html
Standard 14: General Business Risk | Assessment of Chicago Mercantile Exchange Inc. against the Financial Stability Standards for Central…
9 Mar 2023
CME recalculates this amount monthly and reports the amount to the CFTC quarterly. ... CME calculates operational expenses using projected expenses across major expenditure areas (e.g.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/chicago-mercantile-exchange/2014/standard-14.html