UNITED STATES OF AMERICA 

Before the 

COMMODITY FUTURES TRADING COMMISSION 

Treatment of Funds Held in Connection with the 

Clearing by Chicago Mercantile Exchange Inc. 

of Contracts Traded on Dubai Mercantile 

Exchange Limited 

AMENDED ORDER 

Chicago Mercantile Exchange, Inc. ("CME"), a registered derivatives clearing 

organization ("DCO"), has requested that the Commodity Futures Trading Commission 

("Commission") amend an order dated August 3,.2012 (the "August 2012 Order") that permits 

CME and registered futures commission merchants ("FCMs") to hold in a futures customer 

account subject to Section 4d(a) and (b) of the Commodity Exchange Act ("Act"), 7 U.S.C. § 

6d(a) and (b), customer money, securities, and prope11y (collectively, "customer property") used 

to margin, secure, or guarantee futures and options on futures (collectively, "futures") traded on 

a designated contract market and certain foreign futures and foreign options, as defined in 

Commission Regulation 30.1 (collectively, "foreign futures"), traded on the Dubai Mercantile 

Exchange Limited ("DME"). 

On May 23, 2007, the Commission first issued an order regarding the treatment of funds 

held in connection with the clearing by New York Mercantile Exchange, Inc. ("NYMEX") of 

contracts traded on DME. The order permitted NYMEX and FCMs to hold in a futures customer 

account customer property held in connection with NYMEX' s clearing of specific futures 

contracts traded on or subject to the rules of DME. 

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On April 30, 2008, the Commission amended the order to modify the set of specific DME 

contracts covered by the order. On September 16, 2011, the Commission again amended the 

order to include an additional contract and to change the required measurement period for margin 

rates covering price movements in the cash and physically settled Oman Crude Oil futures 

contracts from a two-day period to a one-day period. In conjunction with the vacation of 

NYMEX's registration as a DCO, the Commission issued the August 2012 Order, which 

transferred the permission from NYMEX to CME. 

CME has requested that the Commission amend the August 2012 Order to expand the 

scope of DME contracts eligible to be carried in futures customer accounts to cover any futures 

that DME from time to time lists as DME products in the energy sector. 

CME's request was posted on the Commission's website for public comment. No 

comments were received. 

The Commission has reviewed the request and the record in this matter ("Submission"), 

and finds that CME has demonstrated that it can continue to comply with applicable 

requirements under the Act and the Commission's regulations thereunder. As a result, the 

August 2012 Order is hereby amended and superseded, and: 

IT IS ORDERED, pursuant to Sections 4d(a) and (b) of the Act, that, subject to the 

terms and conditions below, CME and FCMs acting pursuant to this order may hold customer 

property used to margin, guarantee, or secure trades or positions in foreign futures traded on 

DME with other customer property used to margin, guarantee, or secure trades or positions in 

futures in a segregated futures account or accounts maintained in accordance with Section 4d(a) 

and (b) of the Act (including any orders issued pursuant to Section 4d(a) and (b) of the Act) and 

the regulations thereunder. All such customer property shall be accounted for and treated and 

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dealt with as belonging to the futures customers of the participating FCM consistently with 

Section 4d(a) and (b) of the Act and the regulations thereunder. 

IT IS FURTHER ORDERED, that: 

(1) This order shall only permit foreign futures that are currently traded (as such 

contracts may be modified from time to time), or that will be traded in the future, on DME, and 

cleared through CME ("DME Futures Contracts") to be commingled with futures that are 

currently traded, or that will be traded in the future, on a designated contract market and cleared 

through CME, in accounts subject to Section 4d(a) and (b) of the Act. 

(2) CME and each FCM acting pursuant to this order shall hold all customer property 

deposited with CME and such FCM, respectively, to margin, guarantee, or secure DME Futures 

Contracts, in accordance with the requirements of Section 4d( a) and (b) of the Act and the 

Commission's regulations thereunder. 

(3) CME shall at all times fulfill all representations made in the Submission, 

including all attachments and supporting materials thereto. 

(4) CME shall promptly inform the Commission of any material change in applicable 

foreign laws or regulations relevant to its operation as a DCO clearing for DME or otherwise 

affecting the conclusions contained in the Submission. 

(5) DME shall maintain a binding agreement appointing an agent in the United States 

for purposes of communications, including acceptance of any summons, complaints, orders, 

subpoenas, requests for information, notice, or any other written document or correspondence 

issued by or on behalf of the Commission, the U.S. Department of Justice, or any U.S. clearing 

member, and DME shall promptly inform the Commission of any change in such agent or 

agreement with such agent. 

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This order is issued pursuant to Sections 4d(a) and (b) of the Act based upon the 

representations made and supp01iing materials provided to the Commission by CME in its 

Submission. Any material changes or omissions in the facts and circumstances pursuant to 

which this order is granted may require the Commission to reconsider its finding that the 

permission set forth herein is appropriate. Further, in its discretion, the Commission may 

condition, modify, suspend, terminate, or otherwise restrict the permission granted in this order, 

as appropriate, on its own motion. 

Issued in Washington, D.C., this 31st day of October, 2017. 

By the Commission 

c&r4 J-.CJcQ4 

Christopher J. Kirkpatrick 

Secretary of the Commission 

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