The CME Group, which operates derivatives exchanges, and GCSA Capital, a provider of collateral and risk transfer solutions, have been developing an additional form of collateral — a letter of credit issued by a bankruptcy-remote trust — acceptable for use via CME Clearing. The two companies have been readying the Prefunded Treasury Facility (PTF), a… Read More >>
CME, Dwolla Partner to Streamline Payment Operations
CME Group, the owner of global derivatives and clearing marketplaces, is joining forces with bank transfer platform vendor Dwolla to offer real-time, on-demand payment capabilities for clearing and settlement. The agreement will also streamline payment operations for CME Clearing members and clients, officials say. The first application of Dwolla’s technology will be applied to CME… Read More >>
