The following guide is an overview of the FX Link / Spot FX onboarding and setup process; using Account Management Service /Entity Risk Managementfunctions.

Spot FX Credit Limits are managed via CME Account Management Service (AMS), which supports:

Limit setting at the product (currency pair) level

Real time enforcement of updated credit limits

Monitoring of credit limit utilization by product (currency pair)

Ability to suspend new order entry with one click

Resting orders can also be cancelled by calling CMEs Global Command Center.

Email alerts based on configurable threshold levels

Cross product (currency pair) aggregate exposure monitoring

Aggregated view of limits and exposure across products for reference

:Used by the Primary FX Firm officer to authorize CME to generate a Spot FX Firm Number to create a relationship between the Primary FX Firm and a Spot FX Firm (Permitted Users and / or Direct Participant), as a credit counterparty for Spot FX Transactions that result from Spot FX Basis Trades.

Spot FXIn-line credit controls access request

: Request credit administrator application user entitlement.

Prior to setup, users must have an active CMEGroup Login.

Mapping Spot FX Firm to CME Globex execution firms

:Spot FX firms will be available once the onboarding is complete. Designate associations between Spot FX Firm(s) and Executing Firm(s).

Note:Not required if the firm is registered for CME ClearPort or STP

Note:Not required if the firm is registered for CME ClearPort or STP

If you are entitled for one Spot FX firm, it is automatically selected.

As you type, trading firms appear in a list; select from available options.

A confirmation message indicates successful linking and the Trading firm is added to the list of linked firms.

Thresholds and Alerts:Set email alerts when an account uses a select percentage of its limit thresholds (50% to 100%) and up to 20 email recipients.

Following Trading and Execution Firm setup, before the entity is authorized to submit orders; go to Account Management Service tocreate an accountthat is associated with the Execution Firm.

The following instructions illustrate the process to create a clearing account, entitled for Inline Credit Controls (ICC) and used for Spot FX.

After creating a ICC enabled account, Spot FX require a Central FXPrime Broker to use Entity Risk Manager to associate (link) a trading firm with the CME GlobexExecuting firm(s).

If the account doesnt exist, selectCreate New.

Available options and required details are dependent on selected clearing firm and options.

Required fields are indicated by a red asterisk (*).

Example:ICC (CME Globex)andSpot FXenabled accounts do not requireMarket / Product / Brokerpermissions.

If an authorized Spot FX Prime Broker Firm is selected, the field name also updates. Prime Broker firms assume financial and performance responsibility for all transactions executed through them and cleared by CME Clearing whether it is for the account of a customer, member, or their own account.

The unique alphanumeric identifier for accounts; up to 12 characters.

Do not use special characters (%, &, $, , !, +, *) in the first, or second position.

The Trading firm owner of this account. Available if the clearing account is designated as Delegated Intermediary (DI); specify by the clearing member firm. Additional details are inherited from Trading Account Owner.

DI (parent) accounts cannot be updated viaBulk upload.

, which will be linked fromEntity Risk Manager – Spot FX.

Enter the name in the field; available choices appear based on the partially entered name.

For DI and sub-accounts: If an asset manager firm is assigned to the clearing account, trading sub-accounts cannot be created and the DI selection will not be available.

Indicates whether the account represents customer segregated funds or house funds.

CTI1 – An individual member trading for her or her own account, CTI2 – A member firm trading for its proprietary account, CTI3 – A member firm trading for another member, CTI4 – All others individuals.

Enables the account for the CME Portfolio Margining program for futures.

Specified by the clearing member firm administrator.

Enables multiple customer accounts to be margined together to receive OTC trade cross-account margin offsets, and to aggregate trades to calculate margin and associate the clearing members account to the beneficial owner. For Cleared OTC products and reporting requirements FCMs designate the master / margin account for each customer.

As you type, matching execution firms appear in a list; select to add.

To complete account creation and activation, viewEntity Risk Management – Spot FXinstructions to view details on linking Trading Firms and setting Spot FX Credit Controls (via ICC).

:Authorized FX PB administrative users can suspend new order entry for an Execution Firm; directly from the ICC (CME Globex) tab.

Using Account Management Service, perform an account search, then go to theServices-ICC (CME Globex)pane.

To cancel working / resting orders, an authorized Spot FX user must contact theGCC.

:Using Entity Risk Management, search and select a trading firm to manage.

Clearing House Client Services: Post Trade Messaging, MQ and Traiana Connectivity

Global Account Management:Onboarding / AMS support

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