CME Group's decision to slash its minimum guaranty fund contribution for interest rate swap clearers by 70% has piqued the interest of would-be clearing members.
CME announced on August 19 it would cut the minimum contribution that clearing members for interest rate swaps must make to its guaranty fund from $50 million to $15 million.
The reduction brings CME in line with the £10 million minimum default fund contribution at rival SwapClear, and is part of an effort to attract more direct members
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