CME Clearing Europe to Accept Gold as Collateral

CME Clearing Europe, the London-based clearing house wholly-owned by CME Group CME, the world's leading and most diverse derivatives marketplace, today announced it has extended the range of eligible collateral types to include gold bullion. The extension offers additional flexibility at a time when high quality collateral is at a premium and the clearing of over-the-counter (OTC) derivatives is increasing. CME Clearing Europe has followed the lead of CME Clearing, which has accepted gold to cover margin requirements since October 2009. Launched in May 2011, CME Clearing Europe currently clears OTC commodity derivatives and plans, subject to regulatory approval, to introduce OTC Interest Rate Swap clearing later this year.