CFM is a web-based system that allows members to view their Clearing Fund requirements and actively manage their daily collateral needs. The service is available free of charge and FICC members who sign up can access real-time information. The benefits include:
- Real-time access to the Clearing Fund requirement and deposits;
- Ability to initiate and submit on-line requests to change Clearing Fund composition (e.g. deposit, withdrawal, substitution of collateral) which eliminates the need to fax changes to FICC; and
- Access to a calculator that allows members to conduct “what-if” scenarios to view the effect that substituting one type of collateral for another will have on the Clearing Fund deposit value.
For additional information, see the Clearing Fund Management Online Help: FICC.