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CME Clearing Europe to Accept Gold as Collateral


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CME Clearing Europe to Accept Gold as Collateral -- LONDON, Aug. 17, 2012 /PRNewswire/ --

CME Clearing Europe to Accept Gold as Collateral

[ ]

LONDON, Aug. 17, 2012 /PRNewswire/ -- [ CME Clearing Europe ], the London-based clearing house wholly-owned by [ CME Group ], the world's leading and most diverse derivatives marketplace, today announced it has extended the range of eligible collateral types to include gold bullion.

The extension offers additional flexibility at a time when high quality collateral is at a premium and the clearing of over-the-counter (OTC) derivatives is increasing. CME Clearing Europe has followed the lead of CME Clearing, which has accepted gold to cover margin requirements [ since October 2009 ].

Launched in May 2011, [ CME Clearing Europe ] currently clears OTC commodity derivatives and plans, subject to regulatory approval, to introduce OTC Interest Rate Swap clearing later this year.

CME Clearing Europe

CME Clearing Europe is an FSA regulated, multi-asset class clearing house based in London that offers more than 200 OTC products for clearing. Its clearing model ensures stability and increases transparency in the OTC markets that it clears. CME Clearing Europe has its own dedicated staff, and its governance arrangements, capital and default resources are separate from those of CME Clearing in the US. As part of CME Group it nonetheless has full access to the to the clearing and risk management expertise, systems and financial strength of CME Clearing. More information can be found at [ www.cmeclearingeurope.com ]

CME Group

As the world's leading and most diverse derivatives marketplace, CME Group ([ www.cmegroup.com ]) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on [ interest rates ], [ equity indexes ], [ foreign exchange ], [ energy ], [ agricultural commodities ], [ metals ], [ weather ] and [ real estate ]. CME Group brings buyers and sellers together through its [ CME Globex ]® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates [ CME Clearing ], one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: [ CME ]) and its products can be found at [ www.cmegroup.com ].

CME-G

[ news@cmegroup.com
][ www.cmegroup.mediaroom.com ]

SOURCE CME Clearing Europe



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RELATED LINKS
[ http://www.cmeclearingeurope.com ]
[ http://www.cmegroup.com ]


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