CME chief says central clearing house removes 'black swan' threat


CME's CCP will eliminate the likelyhood of a future ‘black swan event', a disproportionately rare and high impact event that is hard to predict and is beyond the realm of normal expectations, said George Ng, director and head of energy and metals for Asia at CME speaking at Energy Risk Asia's conference in Singapore.

"Not all exchange-cleared platforms or clearing houses can do this, but we can erase possibilities of a black swan event," Ng said. "We require a minimum margin cost, no matter who

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...


You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: