Getting Started: Clearing OTC

Take advantage of streamlined onboarding and operational efficiencies of clearing OTC Interest Rate and FX swaps through CME Clearing.

If you intend to clear OTC IRS and/or FX products with CME Clearing, you will also need to establish the following relationships:

Clearing Firm:
Select and complete a Futures Account Agreement with a Cleared OTC Derivatives Addendum:
View a list of clearing firms.

Execution Provider:
Submit the FIA-ISDA Cleared Derivatives Execution Agreement to onboard with an execution provider.

Execution and/or affirmation platform:
Select an execution and/or affirmation platform to clear with CME Clearing.
View a list of Platforms connected.

Once you have completed these steps, you must register your legal entity in CME ClearPort by filling out the OTC Clearing Account Registration Form.

The form gathers necessary details about your legal entity and enables you to make elections on which fee schedule you wish to utilise, who your main contacts are and which affirmation platform you will be using.

• Step 1: Register and activate a CME Group Login ID through the CME Group Login Registration Process and instruct any backup verification officer to do the same. The backup must provide the primary verification officer with their newly created CME Group Login ID.
• Step 2: Complete the online OTC Clearing Account Registration Form
• A designated verification officer of the firm must complete the form and click "submit" to send the registration form online.
  
  To edit and disable existing firm and user contact information, registered firms can submit an email to EASE@cmegroup.com
• Step 3: Set up FTP folder to access reports from web portal or email onboarding@cmegroup.com for details.
• Step 4: Finally, perform active UAT Testing and indicative margin analysis. This step of your transition is designed to ensure accuracy and reliability, at every stage of the clearing process.