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CME Clearing House Rule 949 (Credit Control Policy) - Kill Switch
“In order to enhance the risk management tools available to clearing firms utilizing CME Globex®, CME Group (on behalf of CME/CBOT/NYMEX/COMEX) rolled out enhanced Globex Credit Control functionality, commonly referred to as “GC²”, in May 2009. The purpose of GC² is to provide clearing firms with an additional, backstop risk management tool that allows for flexible …
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