Exemptive Relief to Facilitate Cross-Margining of Customer Positions Cleared at Chicago Mercantile Exchange, Inc. and Fixed Income Clearing Corp.
Summary
The federal government is proposing to allow two major financial institutions—the Chicago Mercantile Exchange and a bond-clearing company—to combine their customer accounts so traders can use money from one account to cover losses in the other. This change is meant to make financial trading safer and more efficient, though it requires a comment period for public feedback.
Key Points
- 1Two large financial institutions would be allowed to share customer account information and combine funds across their systems to reduce trading risks
- 2Traders could use money held at one institution to cover shortfalls at the other, potentially reducing how much cash they need to keep on hand
- 3The proposal aims to prevent financial crises by allowing faster access to funds when traders face unexpected losses
- 4The public has until January 17, 2026 to submit comments and concerns about whether this arrangement is safe and fair
- 5This only affects professional traders and financial firms, not average people with bank or investment accounts
Key Dates
December 17, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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