CME to launch portfolio margining on interest rate swaps and futures

Chicago Mercantile Exchange

The Chicago Mercantile Exchange (CME) Group will introduce portfolio margining on over-the-counter interest rate swaps, and eurodollar and Treasury futures positions, for dealer members clearing from May 7. The initiative will allow clearing members to benefit from significant operational efficiencies, with savings of up to 85% for certain portfolios, CME Group claims. "We are providing margin offsets for house accounts that clear through CME. These institutions will be able to take advantage