CME’s European CCP to lower rates default fund burden

Firm hopes move will entice smaller players to join rates clearing service

Rain on umbrella
CCP hopes reduced contribution requirement will encourage more firms to use rates service

CME Group is halving the minimum default fund requirement for firms clearing interest rate swaps at its European clearing house, CME Clearing Europe – a move it hopes will bring in additional users to the service, which has yet to gain significant market share.

The central counterparty (CCP) submitted a rule amendment to the US Commodity Futures Trading Commission on February 7 outlining details of the change, which will see the minimum contribution to its rates default fund fall to €5 million

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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