Payment Systems

CME Clearing offers our Give-up and Broker Payment Systems to make the clearing process even easier for our members. Calculate fees in real-time, set up automatic payments, and track billing and payments with CME Clearing payment systems.

Give-Up Payment Systems (GPS)

A give-up in the clearing process refers to an order executed by a Clearing Firm and given to a different Clearing Firm for clearing and processing. The Give-Up Payment System (GPS) is an electronic system that automatically transfers give-up payment banking transactions between firms, via the Harris Bank ACH system.

GPS, available via CME Group Portal, offers:

  • Real-time fee calculation
  • Automatic payment processing for Member Firm give-up execution business
  • Online viewing of transactions

The GPS system automatically transfers give-up payment banking transactions between firms, via the Harris Bank ACH system.

GPS Payment System

Use your CME Group SMART Click ID to sign in to Give-Up Payment Systems


GPS Help

To view instructions, or for help tracking give-up agreements, processing payment, and more: 

Access GPS Webhelp

Forms and Calendars

BPS facilitates brokerage payments to filling brokers by Member Firms via automatic debits to Member Firms' bank accounts. The system eliminates the costly labor-intensive task of preparing and distributing monthly checks to brokers and assures timely brokerage payments.

Daily and monthly reports and data files produced for each firm detail executed trades, volume, and rates applied to each trade. Monthly banking reports are produced for brokers and firms.

BPS Processing Overview

At the end of each trading day, all trade records are processed through BPS, which tries to match each trade against a firm-entered rate.

The rates entered by the firm can be specified by account, broker, commodity, or default rate.

As trade records are corrected or later given-up in the clearing system, BPS adjusts the charges. At the end of each month, preliminary reports show the trading activity for that month, and the amount of money that will be debited from the firms’ accounts and credited to the brokers’ accounts.

Firms have three banking business days to make adjustments to either the trading activity in BPS or to the payment that will be made. Adjustments to trading activity might be necessary if a trade cleared with an incorrect broker symbol. Firms can withhold payment for a month if major discrepancies exist.

At the end of the three banking business days, final monthly reports are produced, reflecting any firm-made adjustments. The banking reports reflect the amount of funds that the firm should make available for transfer. Additionally, the brokers’ banking statements detail the amount of money to be transferred into their accounts on a per firm basis.

New Firm Requirements

  • Complete and submit banking information (including a voided check) to the CME Membership and Registration Department to be recognized by BPS.
  • Complete and sign Online Security Access Forms to be able to set rates and make changes to trading activity online.
  • Set rates prior to 7:00 p.m. Central Time (CT) on their first trading day to avoid having to manually calculate brokerage owed.

Broker Requirements

Complete and submit banking information (including a voided check) to the CME Membership and Registration Department to be recognized by BPS.

Banking Business Day Action Taken
1 Preliminary Detail and Banking Reports are distributed
4 Final Detail and Banking Reports are distributed
4 CME sends instructions to debit firms' banking accounts
7 CME sends instructions to credit brokers' banking accounts
8 Funds are transferred to banks for distribution to brokers' accounts

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