CME Group Chicago // 20 S. Wacker Drive: Conf. Rm - CHI-20S-ULL // Chicago, IL 60606
Ever wonder why there's all this kerfuffle about derivatives clearing? Do you understand the purpose and function of the clearing, the core concepts of how clearing works, and the seemingly confusing terms used to describe clearing and the relationships among market participants, clearing intermediates (the futures commission merchants) and centralized clearing houses? The FIA Law & Compliance Division presents Clearing 101, a half-day interactive program designed to demystify clearing by giving you a basic understanding of what clearing is about and how and why it is regulated.
Topics will include:
An explanation of core clearing concepts and terminology (multilateral netting, novation, the clearinghouse guarantee, initial margin/performance bond vs. variation payments, house vs. customer origin, etc.)
How derivatives clearing differs from bilateral credit default arrangements and from settlement of equity securities transactions
Different roles of clearing FCMs and clearing houses and a customer's relationship to each
Mechanics of the clearing and settlement cycle for a futures trade
Key differences between futures and swaps clearing
How FCMs and clearing houses hold customer funds
How a clearing house manages the default of a clearing member; and core principles governing clearing.
Cancellations/Substitutions Notice of cancellations must be received in writing before Tuesday, February 14, 2017. Please email Member Services at firstname.lastname@example.org for cancellations and substitutions. No refunds will be made after February 14, 2017, and all monies owed at the time of cancellation will be due immediately. Substitutions may be made at any time without penalty.
Filming, Videotaping and Recording Policy No portion of this event may be filmed, videotaped or otherwise recorded for posting or distribution without prior authorization from FIA. Further, by registering for this program, you consent to FIA’s use, reproduction, editing, publishing and distribution of any photographs, videos and other recordings that FIA or its designated photographer may take of registrants and attendees during the program.
Special Requirements We want everyone to have a safe and enjoyable experience at our programs. Accordingly, where possible, we will try to accommodate the special needs of our delegates. If you have any access restrictions or other concerns, please email Beth Thompson at email@example.com. So that we may make our best effort to fulfill all requests, we kindly ask to be notified of any special needs two weeks in advance of the program.