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.
Frequently Asked Questions
The primary purpose of the amended credit facility is to provide temporary liquidity for CME's clearing house operations in specific, unlikely scenarios. These include a clearing firm failing to meet its obligations, issues with depositary liquidity for collateral, or disruptions in the domestic payment system that could delay settlement payments.
The credit facility has an initial amount of $7 billion and is eligible to be increased to $10 billion.
The facility can be collateralized by cash or U.S. Treasury securities received as clearing firm guaranty fund contributions, as well as performance bond assets held by CME.
Yes, the credit facility includes a requirement for CME Group Inc. to remain in compliance with a consolidated tangible net worth test.