ICE Notice 12-089: Gross Customer Margin

ICE Clear U.S. announced the following deadlines:

• November 8 - ICE Clear U.S. will be required by the CFTC to collect gross customer margins (GCM) from its clearing members.
• November 3 - ICE Clear U.S. will implement system upgrades to accommodate the submission of GCM files.

To ensure that clearing members can comply with this new CFTC requirement, ICE Clear U.S. will support a production parallel test of GCM file submissions. Testing will being on on September 24 and continue until November 2.

View notice in full here (links externally to ICE website).