CME DTC Set To Start Operations Next Month
THE CME Depository Trust Company (DTC), a subsidiary of the Chicago Mercantile Exchange, is set to launch its long-awaited swaps depository next month under a revamped ownership structure, according to CME DTC officials.
The proposed derivatives collateral management service will operate as a limited partnership. Its goal is to raise an additional $8 million to cover operating costs for the first few years of business as a derivatives depository. So far about 80 per cent of the extra funds have
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