11 Jul 2025
đŸ“ˆChanges to Cross-Margining Agreement Impacting Financial Operations
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule Change To Amend and Restate the Cross-Margining Agreement Between FICC and CME
Summary
The document details the Securities and Exchange Commission's approval of a revised Cross-Margining Agreement between the Fixed Income Clearing Corporation and the Chicago Mercantile Exchange. Key changes address the management of proprietary positions, margin requirements, and customer protections to enhance efficiency and risk management in financial operations.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content discusses regulatory changes in cross-margining agreements that directly impact businesses involved with FICC and CME. It outlines compliance requirements for margin management, impacting financial practices and risk management for clearing members.