Short Code Accounts
Short Code Accounts allow brokers to submit customer Block or EFRP trades for a single end-client trading firm.
The identity of the client must be referenced in the Account Description but the firm will not need to registerthemselves. These accounts may be used by any broker registered for ClearPort/CME Direct and permitted
to submit trades on behalf of the account.

Short Code Account Guidelines• 	A Short Code Account must be specific to a trading firm/
legal entity (clients may not be aggregated between
different firms.)• 	Short Code Accounts may be used by any properly
registered brokers permissioned on the account, including
non-clearing firm brokers (Inter-dealer brokers).
• 	Clearing firms may create as many Short Code Accounts
as they wish to fit their needs.
• 	When registering an account, the Exchange Clearing
Member Firm must:– 	Set credit limits for the Short Code Account throughAccount Management Services, and insure compliancewith CFTC Regulation 1.73 with respect to each tradeentered into the account.
– 	Indicate in the account description the name of theactual end-client trading firm.
– 	Use the customer origin indicator on all trade entries.
• 	A Short Code Account can be used for accounts at aclearing firm where the trades will reside, or can be used
for trades that will be given up to another clearing firm.
• 	Short Code Accounts can map to multiple specific clearing
accounts, as long as all of those clearing accounts sharethe same underlying reference information, such as
customer name, address, and/or legal entity.

• 	If allocating trades, the Exchange Clearing Member
Firm must use the Exchange Give-Up System to allocate
trades entered into a Short Code Account to the specificcustomer account(s) within one (1) hour of trade submission.
• 	For accounts controlled by a CTA, IA, or other similar“Eligible Account Controller,” the EAC Exemption language
should be followed, and any such account must not bemarked as a Short Code account.
• 	Short Code Accounts are subject to 102a and 102b
reporting under the OCR rule if positions are held in theaccount. A Short Code Account may not be used forsubmission of any swap trade which must be reported to aSwap Data Repository. Notwithstanding the foregoing, thefutures or options on futures leg of any EFR or EOO may
be submitted using a short code account.
• 	Block trades must comply with CME, CBOT, NYMEX orCOMEX Rule 526, as applicable, including any associatedregulatory guidance concerning block trades issued by theMarket Regulation Department.
• 	Delegated Intermediary sub-accounts are Short Code
Account eligible. A Short Code Account for DelegatedIntermediary sub-account must follow all Short Code
Account requirements and be specific to a trading firm/legal entity. In the account description field the name ofthe actual end client trading firm must be identified.

Account Setup in Account Management Services
The Clearing Firm Risk Administrator sets up the Short Code Account in Account Management Services.	Note: Access Account Management Services by logging into the CME Customer Center and selecting Account Management Services from the Portfolio & Risk menu.

After selection of ClearPort Clearing, select ‘Short Code” for Account Type.

2

SHORT CODE ACCOUNTSSETUP A SHORT CODE ACCOUNTAccount Setup#ItemInstructions

1Clearing Member

2Account NumberThe account number can be an actual account number or any unique reference to the client as
desired by the Clearing Firm.

3Description

Include in the account description the name of the actual end-client trading firm.

4Account Owner

May be set to the Clearing Firm name or the name of an affiliate subsidiary, or to the name of a valid
registered Broker Firm, if that Broker Firm will be the sole submitter on the account.
Note: If the Clearing Firm does not have a trading entity registered for CME ClearPort submissions, please contact theEnterprise Application & System Entitlements (EASE) team.

5

Asset Manager (Controller) Firm

Leave Blank.

6

House / Customer Indicator

Must be set to Customer.

7

CTI CodeMust be set to the proper CTI Code, pursuant to Rule 536 D.

8Margin/Master AccountMust be “SELF.”

Enable for ClearPort Clearing
9

Enable ClearPort Clearing
service

Click the blue “Enable” button to the right of ClearPort Clearing.
Setup and Permissioning tabs will display.

10

Agency Cross

Leave Blank.

11Account Type

Select “Short Code.”

Select Broker Firms
12

Market Permissions andPermissible Products

Set appropriate market permissions and permit (select) all products to be submitted through thisaccount.
Note: Access the appropriate section under Market / Product / Broker Permissions in theAccount Management Services Webhelp for more information on market permissions and permissible products.

Select Broker Firms
13

Select Broker Firm(s)Permitted brokers must only be the Clearing Firm itself, or an affiliate/subsidiary. Other brokers mustnot be assigned to this account.
Note: Access the appropriate section under Market / Product / Broker Permissions in theAccount Management Services Webhelp for more information on market permissions and permissible products.

Set the Account Credit Control Limits
14

Set RAV Limit

The RAV limit should be set to the overall total aggregated limit for all customer trades that may besubmitted through this account.
Note: Access the appropriate section under Credit Controls in theAccount Management Services Webhelp for more information on market permissions and permissible products.

For more information, please contact platformsolutions@cmegroup.com

cmegroup.com
Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract’s value is required to trade, it is possible to lose
more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds
should be devoted to any one trade because they cannot expect to profit on every trade. All examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be
considered investment advice or the results of actual market experience. CME Group® is a registered trademark of Chicago Mercantile Exchange Inc. The Globe logo, E-mini, Globex, CME and Chicago
Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. Chicago Board of Trade is a trademark of the Board of Trade of the City of Chicago, Inc. NYMEX is a trademark of the New York
Mercantile Exchange, Inc. The information within this brochure has been compiled by CME Group for general purposes only and has not taken into account the specific situations of any recipients of thisbrochure. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be
considered investment advice or the results of actual market experience. All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, NYMEX and CBOT
rules. Current CME/CBOT/NYMEX rules should be consulted in all cases before taking any action.
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