CME Group secures $7 billion credit facility to protect against a clearing member default

MarketWatch/Tomi Kilgore/4-30-2020

“The company said the 364-day amended facility is intended to provide liquidity ‘in the event of a clearing member default,’ a liquidity constraint or depositary default, or in the event of a delay in the payment systems utilized by CME.”

USAGOLD note:  Odd …… Not sure what this is all about, but it is likely to raise an eyebrow or two.