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CME joins with Fifth Third Bank to offer cash collateral management program; CME cash with interest program helps meet futures commission merchants' initial margin requirements using cash as collateral.
0 Comments | M2 Presswire, July, 2005
M2 PRESSWIRE-25 July 2005-Chicago Mercantile Exchange: CME joins with Fifth Third Bank to offer cash collateral management program; CME cash with interest program helps meet futures commission merchants' initial margin requirements using cash as collateral(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:25072005 CHICAGO - CME, the largest futures exchange in the U.S., and Fifth Third Bank announced today that the bank is working jointly with the CME Clearing House, the largest futures clearing organization in the world, to offer clearing members of CME an additional investment alternative known as the CME Cash with Interest Program, which is part of the highly successful CME IEF^5 Program.
IEF5, originally launched by CME in partnership with JP Morgan Chase, is a...
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