CME Securities Clearing, Inc. (CMESC) is seeking to register as a clearing agency with the Securities and Exchange Commission under the Securities Exchange Act of 1934. If registered, CMESC would provide central counterparty clearing services for transactions involving U.S. Treasury securities and related agreements. The application details CMESC’s structure, including its board and risk management framework, and outlines its plans for ensuring financial stability and resilience. The Commission is requesting public comments on whether the application meets the requirements of the Exchange Act.
Simple Explanation
CME Securities Clearing, Inc. wants to be a big helper for people who buy and sell things like money promises called U.S. Treasury securities, making sure everything is fair and safe. The people in charge are asking everyone if they think this is a good idea or not.