In providing clearing services to CBOT, CME’s wholly owned Clearing House clears, settles and guarantees all CBOT transactions, using the full resources of CME’s advanced clearing processes and financial safeguards package. CME’s state-of-the-art clearing system, CLEARING 21®, processes trades and positions on a real-time basis, providing users with instantaneous information on trades, positions and risk exposure.  CLEARING 21 allows clearing firms to electronically manage their positions, exercise options, manage collateral posted to meet performance bond requirements and access other online applications.

CME’s Clearing House uses the exchange’s proprietary Standard Portfolio Analysis of Risk® (SPAN) risk evaluation system, which has been adopted by 40 exchanges and clearing organizations worldwide.  SPAN calculates the appropriate performance bond requirements for clearing firms and customers by simulating the gains and losses of complex portfolios.

You can find additional information regarding Clearing for CBOT on the CBOT Web site.