As the counterparty to every trade, CME Clearing settles accounts, clears trades, collects and maintains performance bonds/margins, regulates delivery and reports data. It is the world's largest derivatives clearing facility, processing more than one billion trades per year.

CME Clearing offers a number of financial and risk management benefits:

• The clearing member structure 
• Maintenance of membership requirements
• Collection of initial and variation margin in support of member positions
• Multi-lateral netting 
• Margin offsets against correlated positions 
• Economies of scale and scope in computer processing 
• Market monitoring
• Mutualized risk