Regulatory Alerts2025-12-17 | 2025-23150Proposal To Provide Exemptive Relief To Facilitate Cross-Margining of Customer Positions Cleared at CME and FICC
The Commodity Futures Trading Commission proposes an order to grant exemptive relief from segregation and protection requirements under the Commodity Exchange Act. This relief would permit joint clearing members of the Chicago Mercantile Exchange and Fixed Income Clearing Corporation to hold futures customer funds in a commingled account at FICC. The change aims to extend existing cross-margining benefits to customers, thereby reducing margin costs and increasing clearing efficiency for U.S. Treasury securities.
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