Summary
CME Group Inc. (CME) has announced an amendment to its 364-day multi-currency credit facility, effective April 22, 2026. This amendment, designated as Amendment No. 11, modifies the existing $7 billion facility, which has the potential to increase to $10 billion. The primary purpose of this credit facility is to provide temporary liquidity for CME's clearing house operations in specific, albeit unlikely, scenarios such as a clearing firm failing to meet its obligations, a liquidity constraint with a depositary, or disruptions in the domestic payment system impacting settlement variations.
Key Highlights
- 1CME Group Inc. amended its 364-day multi-currency credit facility on April 22, 2026.
- 2The credit facility has a base amount of $7 billion, with an option to increase it to $10 billion.
- 3The facility is designed to provide temporary liquidity to support CME's clearing house operations.
- 4Potential uses of the facility include covering clearing firm obligations, depositary liquidity issues, or payment system disruptions.
- 5The credit facility is secured by cash or U.S. Treasury securities contributed as clearing firm guaranty fund contributions, and performance bond assets.
- 6CME Group Inc. must maintain compliance with a consolidated tangible net worth test as per the facility's terms.