Cleared OTC IRS: Trade Workflow Mechanics
{"Image DocumentName": "Cleared OTC IRS: Trade Workflow Mechanics", "Image ImageDescription": "Client. EB. Affirmation Platform. CME Clearing House Clearing Member (Client) Clearing Member (EB) Product \uf0fc Account \uf0fc Credit \uf0fc 1 \u2013 Client executes swap with Executing Broker (EB) 2 \u2013 EB alleges swap to Client. 3 \u2013 Client selects Clearing Member and affirms swap. 4 \u2013 Affirmation Platform sends matched trade to CME for Clearing. 5 \u2013 After validating product, account and applying credit limits set by Clearing member(s), CME accepts swap for clearing. 5 \u2013 CME sends Cleared notification to Affirmation Platform which displays trade status to principals. 5 \u2013 CME sends a Clearing Confirmation to Clearing Member(s) \uf0fc Validations, notifications and confirmations are real-time and allow Straight Through Processing.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}